Aurobindo Pharma leads gainers in 'A' group

IPCA Laboratories, Tata Motors, Wipro and Tech Mahindra are among the other gainers.

Pharmaceutical company Aurobindo Pharma rose 3.99% to Rs 309.85 after the company announced during trading hours today, 13 December 2013, that it received the final approval from USFDA to manufacture and market Duloxetine Hydrochloride delayed-release capsules in 3 strengths in the United States. The stock topped the gainers in the BSE's 'A' group.

Duloxetine Hydrochloride delayed-release capsules 20mg (base), 30mg (base) and 60mg (base) are the generic equivalent of Eli Lilly & Company's Cymbalta delayed-release capsules 20mg (base), 30mg (base) and 60mg (base). Duloxetine Hydrochloride delayed-release capsules are indicated for the treatment of for the treatment of major depressive disorder (MDD) and falls under the Neurological (CNS) therapeutic category. According to IMS data, the market size of the product is estimated to be $5.4 billion for the twelve months ended September 2013.

Pharmaceutical company IPCA Laboratories rose 2.88% to Rs 673.10. The stock was second biggest gainer in 'A' group.

Commercial vehicles major Tata Motors rose 2.68% to Rs 370.25 on bargain hunting after the stock fell 8.19% in the preceding three trading sessions to Rs 360.60 on Thursday, 12 December 2013, from a recent high of Rs 392.75 on 9 December 2013. The stock was third biggest gainer in 'A' group.

Shares of Tata Motors fell 4.55% to Rs 360.60 on Thursday, 12 December 2013, on reports that the company's British luxury car unit Jaguar Land Rover (JLR) has increased its capital expenditure and R&D spends guidance for the year ending 31 March 2015 (FY 2015).

JLR has reportedly indicated an investment of 3.5 to 3.7 billion pounds in R&D and capital expenditure for FY 2015, which is substantially higher than the company's guidance of investment of 2.7 billion pounds for the current financial year ending March 2014. The increased capital investment would be towards development of new products in new and existing segments and investment in new powertrains and technologies to meet customer and regulatory requirements.

Meanwhile, JLR said its retail sales jumped 25% to 37,403 units in November 2013 over November 2012. Retail sales of the Jaguar brand jumped 55% to 6,244 units in November 2013 over November 2012. Retail sales of the Land Rover brand rose 20% to 31,159 units in November 2013 over November 2012. JLR announced the retail sales data on Wednesday, 11 December 2013.

IT major Wipro rose 1.63% to Rs 518.95. The stock was fourth biggest gainer in 'A' group.

IT company Tech Mahindra rose 1.25% to Rs 1,691.05. The stock was fifth biggest gainer in 'A' group.

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