CapitalStars Financial Research Pvt Ltd


CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

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In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

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We provide you around 1-2 nifty calls, Bank Nifty Futures, nifty futures tips, sgx nifty tips Daily. You can gain more profit, Get 2 days free trial calls. Read More

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Equity Market Services

In this service we provide 2-4 intraday stock cash calls in NSE/BSE with a high level of accuracy.You can also avail Free Stock Tips for two days to test our accuracy and if satisfied you can join stock cash services with Capital Stars. Read More

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CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Saturday, 17 June 2017

Pharma stocks decline on fears of new US order, competition - 17 Jun 2017

Pharmaceutical sector stocks slipped on Friday, following adverse observations from the US regulator, the Food and Drug Administration (FDA), increased competition and fears of a new pricing policy in the US.

The BSE healthcare index declined 1.5 percent on Friday. On a year to date basis, it (comprising 69 companies) is down nearly four percent, while the overall benchmark has risen 16-17 per cent.

IPCA Laboratories was the biggest loser, with the US having banned drug import from its three plants. The stock fell a little over 15 per cent in intra-day trade but recovered to close eight per cent lower at Rs 471.70. Its plants in Madhya Pradesh and Silvassa were under a US import alert since 2014 and 2015, respectively; the company was exporting limited products, exempted from the ban. On Thursday, the company said the FDA had withdrawn those exemptions.

Lupin's stock fell 4.4 percent after Aurobindo Pharma received approval for the first generic version of Renvela, used for treating kidney ailments. The drug has a market size of $750 million in the US and Aurobindo received approval ahead of Lupin.

"Aurobindo is the first to receive the Sevelamer generic approval, despite being one of the last filers. While multiple generic drug makers, including Lupin, Cipla, Actavis, have filed for the product, they have struggled to get approval. In fact, Lupin, the first filer, has now forecast for a late FY19 approval at best," said Piyush Nahar and Anurag Mantry of Jefferies, in an investor note.

A US government move to reduce drug prices was another reason for the overhang. On Thursday, Bloomberg reported that US President Donald Trump is set to issue an executive order to lower prices. Trump's moves to lower health care costs for US citizens would present opportunities for Indian drug makers but uncertainty prevails on the policy details.

Bloomberg had reported that top health and budget officials in the administration will meet on Friday to discuss the issue. Trump sought recommendations from the nation's health agencies on reducing medication costs, the minister in charge told legislators last week.

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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