Introduction

Alpa Laboratories Ltd. is a pharmaceutical holding company, which engages in the manufactures of drugs and chemicals. It offers formulations for human use, including hormonal tablets, capsules, creams, gels and ointments, ear and eye drops, injections and tablets; and formulations for veterinary use, including boluses, and injections. The company was founded by Mahendra Singh Chawla, Purushottam R. Patel, and Pravin C. Shah in 1967 and is headquartered in Indore, India

Observation

Stock Breakout it resistance with huge trading Volume. Stock trade above all the EMA RSI above 60 on all TF

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News of the day

2. India's cash incentives to boost domestic manufacturing have attracted over $17 billion of investment since the 2020 launch of the production-linked scheme, a government official said on Wednesday, amid efforts to reduce imports from China.The scheme, which offers 4-6% cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods."The PLI scheme has been successful to attract investments and boost manufacturing," said Amardeep Singh Bhatia, Secretary of the Department of Promotion of Industry and Internal Trade.India has emerged as a global hub for electronics manufacturing, particularly smartphones, and is now the second-largest producer of mobile phones, he said, citing Apple's iPhone exports - exceeding $12 billion in the 2023/24 fiscal year ending March.

3. The Tata Power Company reported a fire incident at its Trombay power plant in India on Monday, according to a filing to the stock exchanges on Tuesday.There have been no reported injuries or fatalities as of yet, and the source of the fire is being investigated, the company said.The power producer is in the process of assessing the actual damage caused by the fire and restoring normal operations at the plant at the earliest.

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Fri Sep 27, 2024