Business Standard

Aurobindo slips 6% in a week after arm receives EIR from USFDA

In the past six months, Aurobindo has underperformed the market by falling 31 per cent, as compared to a marginal 0.07 per cent decline in the S&P BSE Sensex.

Aurobindo Pharma
Premium

Aurobindo Pharma | Photo: Wikipedia

SI Reporter Mumbai
Shares of Aurobindo Pharma edged lower for the fifth straight day, down 1 per cent to Rs 497.85 in Tuesday’s intra-day trade, after the company’s step-down subsidiary Aurolife received establishment inspection report (EIR) for its US plant in Raleigh, North Carolina from the United States Food and Drug Administration (USFDA).

Since announcement, the stock of this pharmaceutical company declined 6 per cent in the past one week, as compared to 4 per cent decline in the S&P BSE Sensex. It traded at its 52-week low level. Meanwhile, in the past six months, Aurobindo has underperformed the market by falling 31 per cent,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 27 2022 | 10:55 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com