MOSL: Morning India (7/March/18): 1. Sun Pharma; 2. Staffing; 3. Consumer
MOrning India (7/March/18): 1. Sun Pharma; 2. Staffing; 3. Consumer
Today’s top research idea
Sun Pharma: No data integrity issue at Halol; resolution likely over coming months
- The USFDA inspected Sun Pharma’s (SUNP) Halol plant from 12-23 February 2018. Notably, the number of observations has come down to three this time from nine in the last inspection that was conducted in December 2016. This facility contributes 10-13% of US sales for the company.
- Given that none of the three observations are serious in nature (not related to data integrity), we expect resolution of the facility over the coming few months.
- Resolution of the Halol facility is critical for the company, as its US business has been under pressure after the issuance of the warning letter. Resolution will provide visibility on key approvals, including Xelpros, Elepsia and Vagifem.
Piping hot news
Commercial coal mining may cut import bill by ₹30,000 cr
- The move to allow the private sector to mine coal for commercial use will boost both production and mining efficiency. Substitution of imported non-coking coal with domestic production can save about ₹30,000 crore of coal imports, according to a Crisil estimate. The Cabinet Committee on Economic Affairs recently approved the methodology for auction of coal mines for sale without restrictions on end-use. Currently, about 94 per cent of the mining is done by government-owned Coal India and Singareni Collieries Company.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.