1. Warning letter and Product recalls a big negative In November 2010, the company’s manufacturing facilities at Ahmedabad received the USFDA warning letter for violation of the CGMP regulations. The USFDA has also issued import alerts on certain products of the company distributed through partners. For the five months ended May 31, 2010, the US contributed nearly 14% of the company’s total revenues. 2. Pursuant to the recommendation by the USFDA and GCC, the company’s registration and products were suspended by the Drug and Food Control, Ministry of Health, State of Kuwait from June 8, 2010 till August 22, 2010. As a result, the company’s products were not marketed in Kuwait during the mentioned period. 3 Claris has also received a number of complaints from other countries for some of its products, namely ciprofloxacin, metronidazole and ondansetron that were contaminated or suspected, post which the company recalled these products. The cost of recall for the five month period ended May 31, 2010 amounted to `7.4cr, while revenues from the recalled products constituted 3.7% of total revenues and 66.2% of revenues from the jurisdictions where the products were recalled.
Today's subscription shows the quality of the issue
QIB:- 0 times HNI:- 0 time retail :- 0.07 times
Mostly we have good subscription on first day and last day itself It shows that none of the QIB and HNI are ready to give their money to such a promoters better to avoid that and go for one97 and Punjab sindh bank If one has money left after applying in MOIL and SCI
hi everybody.. happy evening..am new to this platform but i hav been watching this forum from so long.
hi my query is as follows...
i want 2 make money through stock market, but i know trading is a very risky n at d same time u can mint money in no time. hence i have decided to earn money through only IPO. my intention is to earn 1 crore. can anybody tell me what is d strategy i should follow n wat is the time duration. seeking genuine guidance.
Srini, Now its 310.No use selling now.If you do not require money wait till its included in F&O & Nifty,that will be the time when it will go up.NMDC also went up more than 15 percent once it was include in F&O.
One 97 excellent IPO.Go for it friends.One of the fastest growing technological companies as per Deloitte ratings. Value added services are poised to grow at a phenomenal rate due to starting of 3G services .After 3 G service introduction focus of telecom companies would shift from voice revenue to data revenue. Only listed peer is ONmobile global which is quoting at 32 trailing PE. Based on recent preference share conversion by the promoter at 174 ,price is expected to be 170.
Friends save some capital for such Issues wherein allotment will be certain. In MOIL those people who feel they are lucky or who can afford to make a 2 lakh application can apply. Some other good Issues like A2Z,PSB etc may also come so friends save your capital for guaranteed earnings unlike lucky lottery like MOIL.