Ajanta Pharma tumbles on US FDA import alert

DSIJ Intelligence / 24 Jan 2017

Ajanta Pharma tumbles on US FDA import alert

BSE has sought clarification from Ajanta Pharma on January 24 regarding media reports stating Ajanta Pharma has received import alert from the US Food and Drug Administration (USFDA) for its Paithan unit at Aurangabad. However, Ajanta Pharma has not issued any clarification regarding on the same.

BSE has sought clarification from Ajanta Pharma on January 24 regarding media reports stating Ajanta Pharma has received import alert from the US Food and Drug Administration (USFDA) for its Paithan unit at Aurangabad. However, Ajanta Pharma has not issued any clarification regarding on the same.

Ajanata Pharma has witnessed block deal on NSE amounting to Rs 17.66 crore in first hour of trading session on January 24. Besides, Ajanta Pharma will declare its Q3FY17 results on Tuesday.

The share price of Ajanta Pharma declined 14.36 per cent on the bourses in early trades and is trading at Rs 1718 on an intra-day basis. The stock has recovered soon and at 11 p.m. is down about just 3.79 per cent. The company’s management is expected to clarify on the US FDA issue after declaration of Q3FY17 results.

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