https://m.economictimes.com/industry/healthcare/biotech/pharmaceuticals/centre-looking-to-hike-import-duty-on-bulk-drugs-in-bid-to-boost-local-manufacturing/articleshow/77295317.cms
The government is considering increasing the import duty on active pharmaceutical ingredients (APIs) to 20-25% from the current 10%, to help boost local manufacturing of the bulk drugs. India imports 70% of the APIs used by its drug makers from China.
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The government is considering increasing the import duty on active pharmaceutical ingredients (APIs) to 20-25% from the current 10%, to help boost local manufacturing of the bulk drugs. India imports 70% of the APIs used by its drug makers from China.
OUR VIEW POSITIVE - FOR API & PHARMA COMPANIES.
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DR.REDDY
The Economic Times
Centre looking to hike import duty on bulk drugs, in bid to boost local manufacturing
The department of pharmaceuticals (DoP) is mulling the proposal as it pushes to make India self-reliant on APIs. A committee of experts formed by the DoP has suggested increasing the customs duty on APIs by 10 percent.
TECHINAL BREAKOUT STOCK PICKS
1⃣ RPG LIFE
SCIENCE SUPPORT @ 300 - 310
ABOVE 336
RESISTANCE @ 344-350
IF SUSTAINED WE CAN SEE GOOD UPMOVE
2⃣ DEEPAK FERTILISERS
SUPPORT 145/140
IF SUSTAIN ABOVE 170
GOOD MOVE POSSIBLE
3⃣ PANACEA BIOTECH
SUPPORT - 190-200
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GOOD UPMOVE POSSIBLE
4⃣ GUFIC BIO
SUPPORT @90-88
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GOOD UPMOVE POSSIBLE
5⃣ JYOTHY LABS
SUPPORT @ 115 - 118
IF SUSTAINED ABOVE 132 GOOD UPMOVE POSSIBLE
1⃣ RPG LIFE
SCIENCE SUPPORT @ 300 - 310
ABOVE 336
RESISTANCE @ 344-350
IF SUSTAINED WE CAN SEE GOOD UPMOVE
2⃣ DEEPAK FERTILISERS
SUPPORT 145/140
IF SUSTAIN ABOVE 170
GOOD MOVE POSSIBLE
3⃣ PANACEA BIOTECH
SUPPORT - 190-200
IF SUSTAINED ABOVE 221
GOOD UPMOVE POSSIBLE
4⃣ GUFIC BIO
SUPPORT @90-88
IF SUSTAINED ABOVE 104
GOOD UPMOVE POSSIBLE
5⃣ JYOTHY LABS
SUPPORT @ 115 - 118
IF SUSTAINED ABOVE 132 GOOD UPMOVE POSSIBLE
UPDATE
OUR PICKS THAT ARE AT NEW 52wk HIGH
DEEPAK NITRITE @ 655
MASTEK @602
DEEPAK FERTILISERS @172.95
AJANTA PHARMA @ 1725
CADILA HEALTHCARE @400
OUR PICKS THAT ARE AT NEW 52wk HIGH
DEEPAK NITRITE @ 655
MASTEK @602
DEEPAK FERTILISERS @172.95
AJANTA PHARMA @ 1725
CADILA HEALTHCARE @400
Wealthcreatures.com
MASTEK NO STOPPAGE EVEN AFTER PAISA TRIPLE NEW 52Wk HIGH AGAIN 558 169 TO 558 DONE TILL NOW 3X DONE TILL NOW READY FOR 4X/5X
As TOLD
MASTEK BLASTING 8%
NEW HIGH - 618
UNSTOPPABLE EVEN AFT 3X
169 TO 618
3⃣6️⃣5️⃣% RETURNS TILL NOW
MASTEK BLASTING 8%
NEW HIGH - 618
UNSTOPPABLE EVEN AFT 3X
169 TO 618
3⃣6️⃣5️⃣% RETURNS TILL NOW
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UPDATE DEEPAK NITRITE 5⃣7⃣2⃣ RALLY HAS JUST STARTED HOLD TIGHT
DEEPAK NITRITE
6️⃣6️⃣5️⃣
6️⃣6️⃣5️⃣
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Aarti Industries Accumulate zone : 940-950 SL : 913
Aarti Industries
1008
💚💚
1008
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KOPRAN 36 SL 31 T- Open
KOPRAN
36 TO 50 DONE TILL NOW
POSITIONAL CAN TEST
MEDIUM TERM - 58/64/70+
36 TO 50 DONE TILL NOW
POSITIONAL CAN TEST
MEDIUM TERM - 58/64/70+
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Shre Dig Cement 54 SL 46.70
Shree Dig Cement
48
Exit and Book some loss as Company did not report Good Results.
Although it made High of 60++ after we entered..
It's fine this is part of Business..
48
Exit and Book some loss as Company did not report Good Results.
Although it made High of 60++ after we entered..
It's fine this is part of Business..
Wealthcreatures.com
A bit risky IOL Accumulate between 750-765 SL 700 Trade Light Quantity.
IOL
768
Short term Traders can Exit
Or if some 1 wants to hold then Keep with SL
768
Short term Traders can Exit
Or if some 1 wants to hold then Keep with SL