Pharma stocks outperform, Divi's Lab zooms 17%

Divi's Labs informed exchanges that the USFDA would be lifting the Import Alert 66-40 and moving to close out the warning letter issued to Divi's Labs unit-II at Visakhapatnam.

Nov 02, 2017 12:11 IST India Infoline News Service

Pharma stocks hogged the limelight, the NSE Pharma index was the top gainer up by over 3%. Majority of pharma stocks rallied betweeen 1-4% on Thursday post a positive trigger led by Divi's Laboratories.
Divi's Laboratories was the top gainer in the Pharma sector, rising over 17% as the US health regulator is likely to soon lift the import alert for unit 2.
The company informed the exchanges that the USFDA would be lifting the Import Alert 66-40 and moving to close out the warning letter issued to Divi's Labs unit-II at Visakhapatnam.
Stock LTP % Chng
DIVISLAB 1,081 17.0
GLENMARK 648 4.2
AUROPHARMA 790 3.8
LUPIN 1,061 3.2
SUNPHARMA 564 2.8
DRREDDY 2,405 2.2
CADILAHC 505 1.7
CIPLA 633 1.0
GLAXO 2,650 0.6
PEL 2,716 -0.3

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