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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
Monday, Jun 09
04:15 Manufacturing Sales 1 2.4% 1.1%
19:30 Wholesale Inventories 1 0.2% 0.0% 0.0%
21:00 3-Month Bill Auction 1 4.25% 4.25%
21:00 6-Month Bill Auction 1 4.15% 4.15%
Tuesday, Jun 10
04:31 BRC Like-For-Like Retail Sales (YoY) 2 2.7% 6.8%
06:00 Westpac Consumer Confidence 2 2.2%
07:00 National Australia Bank's Business Conditions 1 2
07:00 National Australia Bank's Business Confidence 1 -1
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.4% 5.6%
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