Zydus Cadila received emergency use approval from the Drugs Controller DGCI on Friday for the use of "Virafin", Pegylated Interferon alpha-2b (PegIFN) in treating moderate COVID-19 infection in adults.
A single-dose subcutaneous regimen of the antiviral Virafin will make the treatment more convenient for the patients. When administered early on during COVID-19, Virafin will help patients recover faster and avoid much of the complications, the company said
stated that 91.15 per cent of patients who were treated with the antiviral were RT-PCR negative by Day 7. The treatment also reduces hours of supplemental oxygen in patients.
Zydus Cadila’s Pegylated Interferon alpha-2b, was originally approved for Hepatitis C and was launched in the Indian market in 2011.
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Ingrevia—a union of ‘Ingre’ denoting ingredients and ‘vie’ in French meaning life (i.e., ingredients for
life). Operating under three segments -- specialty chemicals, nutrition & health solutions and life
science chemicals
JIL offers more than 350 products to more than 1,400 customers globally.
Mkt view :
Only 290 companies trading above dec 2017 prices which was top of overall broader market. If one looks at nifty which is concentrated in 5 stocks, then it may scare them. Whereas individual stocks have yet lot of room to grow.
In history of markets, when interest rates can not grow and remain so low for another 1 year minimum then stock prices are bound to soar.
How to play in current markets : 1. Debt free and low working capital companies ( as% of sales) with less receivable days and small cash conversion cycles . This ensures company always has money to operate n stay afloat.
Price brand 423-425 , lot size 35. Fresh issue will get 50 cr rest OFS of 446 cr
Listing date: Based on the indicative timeline, trading is likely to commence on July 23.
Pre-IPO placements: Rossari Biotech on Friday said it has raised Rs 149 crore from anchor investors. like ADIA, HDFC MF, Axis MF, ICICI Pru MF, SBI MF, Goldman Sachs India etc.
Promoter background: VJTI and UDCT Engineering, MBA Welingkar. Self-made first gen. Expert in Chemicals. After the share sale, the total promoter shareholding will fall to 73% from 95%.
Stock has already given 23% returns since recommendation.
Contact us at invest@wealthyvia.com or +91 83695 08540 for more details & research reports.
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India is one of the biggest markets for gold and gold loan. According to World Gold Council, India accounts for 10% of total world gold stock and is world’s largest gold consumer, India accounted for 23% gold loan demand globally.
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India's gold loan market is expected to reach Rs 4,617 billion by 2022 at a 5Y compounded annual growth rate of 13.4%.
Approx 35% of the gold loan market with commercial banks, NBFCs and small finance banks being the key players. The unorganized segment is twice as large.
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