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Wednesday, May 12, 2010

Cadila Healthcare gets nod for H1N1 vaccine; stock up 2%

Cadila Healthcare Ltd said on Wednesday it has received approval from the Drug Controller General of India to market the H1N1 vaccine in the country.

The egg-based vaccine named 'VaxiFlu-S' will be marketed by Vaxxicare, a division of the company focusing on preventives, it said in a statement.

Cadila Health has touched an intraday high of Rs 593.75 and an intraday low of Rs 574.00. At 11:18 hrs the share was quoting at Rs 586.00, up Rs 11.30, or 1.97%.

It was trading with volumes of 17,899 shares, compared to its 5-day and 30-day average of 56,757 and 34,777 shares. Yesterday the share closed down 0.01% or Rs 0.05 at Rs 574.70.

The company touched its 52 week high Rs 853.70 and 52 week low Rs 226.01 on 25 Mar, 2010 and 22 May, 2009, respectively. Currently, it is trading -31.36% below its 52-week high and 159.28% above its 52-week low.

Market capitalisation stands at Rs 11,998.26 crore.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 24
01:00 CFTC Oil NC Net Positions 1 231.0K 191.9K
01:00 CFTC Gold NC Net Positions 1 $200.6K $187.5K
01:00 CFTC GBP NC Net Positions 1 £42.9K £51.6K
01:00 CFTC AUD NC Net Positions 1 $-69.4K $-69.9K
08:30 Credit Card Spending (YoY) 1 2.2% 0.5%
15:00 BoE's Greene speech 2
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Current Account 1 $-440.0B $-303.9B
18:00 Consumer Price Index - Core (MoM) 1 0.4%
18:00 Consumer Price Index (MoM) 2 0.5% -0.1%
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