Today the National Stock Exchange (NSE) Nifty50 index which closed near 11,712.25 is now opened near 11,605.80 on a lower note. Currently, it is trading on a lower note near the level of 11,617.70, 94.55 pointed down. (12:30 PM India IST)
During its trading session, many stocks hit their fresh 52-week lows on NSE including Cadila Healthcare’s shares that touched the new intraday low on NSE today. This Indian pharmaceutical company which headquartered in Ahmedabad, in the Gujarat state of India hits the new 52-week low after breaking its previous low of Rs. 300.05 of May 03, 2019 and reached to Rs. 292.85.
This Indian pharmaceutical company plunged after getting 14 observations from the US health regulator for its Moraiya plant. In a regulatory filing, the company said: The US Food and Drug Administration (USFDA) has issued 14 observations after inspecting Ahmedabad manufacturing facility.