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Aurobindo Pharma announced that the United States Food and Drug Administration (USFDA) inspected Raleigh Plant, North Carolina, USA, owned by Aurolife Pharma LLC, a wholly owned step-down subsidiary of the company, established for manufacturing Inhalers, Dermatology and Transdermal products, from 24 March 2025 to 10 April 2025. At the end of inspection, form 483 was issued with a total of 11 observations.
The Unit has now received Establishment Inspection Report (EIR), classifying the facility as 'Voluntary Action Indicated' (VAI). The USFDA has concluded that this inspection is now closed.
As this unit is classified as VAI, pending applications for multiple inhalers and other dosage forms filed from this facility can now progress through the USFDA's review process.
The company has now received the Establishment Inspection Report (EIR), which classified the facility as “Voluntary Action Indicated” (VAI). The USFDA has concluded and closed the inspection.
With the facility receiving a VAI classification, pending applications for multiple inhalers and other dosage forms manufactured at the facility can now progress through the USFDA’s review process.
Aurobindo Pharma is engaged in the manufacturing and marketing of active pharmaceutical ingredients (APIs), generic pharmaceuticals, and related services.
The company reported a 2% rise in consolidated net profit to Rs 921.26 crore on a 4.4% increase in net sales to Rs 8,751.50 crore in Q4 FY26 over Q4 FY25.
Shares of Life Insurance Corporation of India (LIC) are banned from F&O trading on 6 August 2026.
New listing:
MV Electrosystems will make its stock market debut today. The Rs 290-crore IPO was offered in a price band of Rs 400–425 per share. The issue received bids for 75.30 crore shares against 39.87 lakh shares on offer, resulting in an overall subscription of 188.85 times.
Juniper Green Energy is also set to debut on the bourses today. The company's Rs 1,800-crore IPO, priced in the Rs 214–225 per share band, received bids for 46.96 crore shares against 5.89 crore shares on offer, translating into an overall subscription of 7.97 times.
Earnings Today:
Life Insurance Corporation of India (LIC), Hero MotoCorp, Britannia Industries, Lupin, Samvardhana Motherson International, Apollo Tyres, Blue Star, Fortis Healthcare, Crompton Greaves Consumer Electricals, Bosch Home Comfort India, Premier Energies, NCC, Emcure Pharmaceuticals, EIH, Aegis Logistics, PG Electroplast, Firstsource Solutions, Signatureglobal (India), RateGain Travel Technologies, Campus Activewear will declare their quarterly results later today.
Stocks to Watch:
Aurobindo Pharma reported 28.11% jump in consolidated net profit to Rs 1,056.56 crore in Q1 FY27 compared with Rs 824.75 crore in Q1 FY26. Revenue from operations climbed 16.30% YoY to Rs 9,150.35 crore in Q1 FY27.
PB Fintech (Policy Bazaar)’s consolidated net profit jumped 92.54% to Rs 162.89 crore on 40.08% increase in revenue from operations to Rs 1,888.28 crore in Q1 FY27 over Q1 FY26.
Biocon’s consolidated net profit surged 872.27% to Rs 142.35 crore in Q1 FY27, compared with Rs 36.76 crore in Q1 FY26. Net sales jumped 10% YoY to Rs 4,336 crore in Q1 FY27.
Neuland Laboratories reported 962.37% surge in consolidated net profit to Rs 147.67 crore in Q1 FY27 compared with Rs 13.9 crore posted in year-ago period. Net sales soared 119.16% YoY to Rs 641.58 crore in the quarter ended 30th Jun 2026.
Bikaji Foods International's consolidated net profit edged up 0.4% YoY to Rs 60.14 crore in Q1 FY27, compared with Rs 59.90 crore a year ago. Net sales grew 12.5% YoY to Rs 734.26 crore.
JK Lakshmi Cement reported 29.60% decline in standalone net profit to Rs 106.77 crore in Q1 FY27 from Rs 151.67 crore in Q1 FY26. Net sales rose 9.41% YoY to Rs 1,904.78 crore in Q1 FY27.
The scope of the inspection included four biosimilar products and assessed the mammalian and microbial drug substance manufacturing facility, prefillable syringe and vial filling facility, packaging and labelling operations, as well as quality control testing and release laboratories.
The company said CuraTeQ's drug substance and drug product GMP facility is already certified by the European Medicines Agency (EMA) and the World Health Organization (WHO). The ANVISA approval further strengthens the company's regulatory credentials and enhances its ability to supply biosimilar products to Brazil and the broader Latin American market.
The counter slipped 2.65% to Rs 1,538.60 on the BSE.
The object of incorporation of this wholly owned step down subsidiary is to undertake manufacturing operations in Indonesia.