Ajanata Pharama Got Import Alert from USFDA for their Auragabda Unit.
Stock crahsed 13% On account of above alert.
What is the purpose of an Import Alert?
Import alerts
Prevent potentially violative products from being distributed in the United States;
Free-up agency resources to examine other shipments;
Provide uniform coverage across the country;
Place the responsibility back on the importer to ensure that the products being imported into the United States are in compliance with FDA laws and regulations.
Technical Level for Ajanta Pharma
Major Support at 1500 .... Break and sustain below 1500.... 1450-1400 mark in days to come.
1670 will act as major hurdle.
