Sun, May 19, 2024

Lupin: Lupin Share Price Drops on USFDA Observation

Lupin Plant in Aurangabad gets the observations from US FDA after checking March 06-March 15 inspections. Now Lupin side addressed the Quality side issue as per observed by US FDA, and soon run the plan after the quality issue solved.

LUPIN Market Price has broken uptrend line in downside

LUPIN Market Price has broken uptrend line in downside

Lupin Share price dipped slightly in early trading on March 18 following the receipt of Form-483, indicating one observation for its Aurangabad facility.

The United States Food and Drug Administration (USFDA) conducted an inspection of the company’s manufacturing facility at Aurangabad from March 6 to March 15, 2024, and issued Form-483, noting one observation.

We are confident in addressing the concern raised by the USFDA and will resolve it at the earliest, stated the company. We prioritize quality and compliance, and remain committed to adhering to CGMP quality standards across all our facilities.

Drone Acharaya: DroneAcharya Aerial Shares Surge 5% on Army Order

The Drone Acharaya company bags the order from Indian Army’s Drone lab regarding IT hardware supplies. Additionally the precision Mapping system from Earth tree environment company and Drone controllers from Northern Command.

DRONEACHARYA AERIAL INNOCATION Market Price has broken Ascending channel in downside

DRONEACHARYA AERIAL INNOCATION Market Price has broken Ascending channel in downside

DroneAcharya Aerial Shares Surge 5% on Indian Army Contract

In early trade on March 18, share prices of DroneAcharya Aerial Innovations climbed 5% following the company’s acquisition of a contract to provide IT hardware for the Indian Army’s drone lab in Jammu and Kashmir.

The contract entails supplying various IT hardware components such as CPUs, monitors, keyboards, and mice, crucial for the establishment and operation of the advanced drone facility, the company stated.

Drone

Expressing gratitude for the opportunity, Prateek Srivastava, founder, and managing director of DroneAcharya, emphasized the significance of the contract in advancing defense initiatives and national security efforts.

DroneAcharya also announced securing additional contracts, including the supply of Precision Mapping System from Earthtree Enviro Pvt. Ltd and drone controllers from the Northern Command, further underlining its commitment to technological innovation and defense support.

Crompton Greaves Electricals: Crompton Greaves Secures 20-Year Patent; Shares Steady

The Crompton Greaves Electrical company bags the patent rights for Linear node tubular Lighting system for 20 years. Also the company bags the order from Government of Maharashtra, Haryana and Rajasthan for Photovoltaic water pumping system under PMKUSUM Scheme.

CROMPTON GREAVES CONSUMER ELEC Market Price has broken box pattern in downside

CROMPTON GREAVES CONSUMER ELEC Market Price has broken box pattern in downside

Crompton Greaves Granted 20-Year Patent; Shares Trade Flat

Despite securing a patent for its invention titled “Linear Node Tubular Lighting System” for a duration of 20 years starting from August 14, 2020, share prices remained unchanged in the opening trade on March 18.

In other news, the company announced the resignation of Sachin Phartiyal, Business Unit Head of Home Electricals, who will be relieved from his duties effective from the closure of business hours on April 9, 2024.

Rajat Chopra, currently serving as the Business Unit Head for Pumps and designated as Senior Management Personnel, will assume the role of Business Unit Head for Home Electricals starting April 10, 2024, according to a company filing.

Electricals

Additionally, Crompton Greaves Consumer Electricals recently secured orders and Letter of Empanelment from the Governments of Maharashtra, Haryana, and Rajasthan for supplying, installing, testing, and commissioning Solar Photovoltaic Water Pumping Systems under the PM-KUSUM Scheme.

In the December quarter, the company reported a 3 percent decrease in consolidated net profit, amounting to Rs 85 crore, while revenue increased by 12 percent, reaching Rs 1,693 crore.


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