Ripples Advisory Private Limited is one of the pioneers in the Indian financial tips industry to adopt best practices in research and delivery of its services to clients. Our company believes on the maximum customer support and prompt solution of all the queries regarding stock market. We are the SEBI registered advisory firm in India & provide you all investment recommendation in both segments.
Market opens at new 52-wk high; Sensex up 150 pts, Nifty eyes 9K >> Free Intraday Tips
Wockhardt tanked nearly 7 percent intraday as investors turned bearish after the company’s US arm received a warning letter from the US drug regulator. The US Food and Drug Administration issued a warning letter to Morton Grove Pharmaceuticals, a step-down subsidiary of the company in Illinois, US. “This would mean that current portfolio of the company will continue to be made available in the market.
However, new approvals will be withheld till resolution,” it told the exchanges in a notification on Wednesday. The warning letter comes as a blow to the company, which was struggling with issues of regulatory non-compliance. Three plants of Wockhardt in India are already under an import ban in the US. Its formulations units at Chikalthana and Waluj in Maharashtra have been under the USFDA’s import alert since 2013, while its bulk drug plant at Ankleshwar in Gujarat was issued an import alert in August.
Best Financial Advisory with best effective services including Free Stock Cash Tips, Intraday calls, Free Intraday Tips and more just with a simple click >> http://www.ripplesadvisory.com/free-trial.php Or in ONE MISSED CALL ON @9644405056