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Friday, September 12, 2014

Equity TipsCipla stock surges 6%
Shares of Cipla Ltd gained 6% after the company announced commercial collaboration with S&D Pharma to enter Czech Republic and Slovakia with affordable high quality alternatives.

Sun Pharma falls 4%, Taro recalls anti-clotting drug
Shares of Sun Pharma slipped 4 percent on drug recall concern. Its subsidiary Taro Pharmaceutical has recalled an anti-clotting drug, Warfarin generic from the US markets due to USFDA concerns on quality.

OFSS soars after board declares interim dividend
Oracle Financial Services Software rose over 10%, after the company said its board declared an interim dividend of Rs 485 per equity share.

JP Associates falls after Goldman Sachs downgrade
Jaiprakash Associates fell over 3%, after Goldman Sachs downgrades Jaiprakash to ' neutral' from ' buy' and removes from Asia Pacific buy list. Uncertainty on Supreme Court ruling on coal allocations also cited as a key reason for downgrade.

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