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and whoever wants to be first must be slave of all. For even the Son of Man did not come to be served, but to serve, and to give his life as a ransom for many.”

27 Sep 2016


Top of Form

The stocks which could witness a significant movement on September 27 are- Mukta Arts, Agarwal Industrial Corporation Ltd., Disa India Ltd., Piramal Enterprises and UB Holdings.

Mukta Arts :- Board is to consider transfer of cinema division to unit Mukta 2 cinema.

Agarwal Industrial Corporation Ltd. :-  The company is to consider and approve allotment of 15,00,000 warrants at an exercise price of Rs. 140/- each, convertible into equity shares of the face value of Rs. 10/- each, to the person other than promoter and promoter group of the Company on a preferential basis.

Disa India Ltd. :- Ambit Pvt Ltd., formerly known as Ambit Corporate Finance Pvt. Ltd.,(manager to the buy back offer) has submitted to BSE a copy of Public Announcement ("PA") in respect of buyback of equity shares of face value of Rs.10 each by Disa India Ltd., ("Target Company") through tender offer route ("Buyback").

Piramal Enterprises:- Piramal Enterprises Ltd., has informed BSE regarding the completion of transaction on the purchase of brands from Pfizer Limited.

UB Holdings :-  The company will be coming up with its Q1FY17 results on September 28, and the stock is expected to react in tomorrow’s session.

Marksans Pharma Surges on FDA Nod for New Drug

Marksans Pharma shares surged as much as 12.5 per cent to hit intraday high of Rs 53.85 after the company announced that it has received US drug regulator's approval for a medicine used in treatment of sneezing, runny nose and other allergies.

The Mumbai-based drugmaker in a statement issued to the stock exchange said, "USFDA has granted approval for an abbreviated new drug application (ANDA) for loratadine liquid filled capsules 10 mg."

Loratadine liquid-filled capsules are therapeutically equivalent to the reference listed drug Claritin Liqui-Gels Capsules 10 mg of Bayer Healthcare LLC.

Loratadine is used to treat sneezing, runny nose, watery eyes, hives, skin rash, itching and other allergy symptoms.

As of 11:11 a.m., Marksans Pharma shares traded 11 per cent higher at Rs 53, outperforming the Nifty which was down 0.5 per cent.

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