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Aarti Drugs share rises 8% after arm gets nod under pharma PLI scheme

Aarti Drugs share rises 8% after arm gets nod under pharma PLI scheme Aarti Drugs share touched an intraday high of Rs 717.85 rising 7.83% against previous close of Rs 665.70 on BSE BusinessToday.In | March 8, 2021 | Updated 14:56 IST Aarti Drugs stock trades higher than 5 day, 20 day, 50 day and 200 day moving averages but lower than 100 day moving averages. Aarti Drugs share rose nearly 8% today after the company s subsidiary received approval under Production Linked Incentive (PLI) scheme for the pharmaceutical sector. The pharma stock opened with a gain of 6.11% at Rs 706.35 today. The mid cap stock touched an intraday high of Rs 717.85 rising 7.83% against previous close of Rs 665.70 on BSE.

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Aarti Speciality Chemicals Limited receives an approval accorded under PLI Scheme for Pharmaceutical Sector

Aarti Speciality Chemicals Limited receives an approval accorded under PLI Scheme for Pharmaceutical Sector Posted On: 2021-03-06 04:25:29 (Time Zone: Arizona, USA) Aarti Speciality Chemicals Limited (ASCL), a wholly-owned subsidiary of Aarti Drugs Limited (Aarti Drugs), stands out to be one of the beneficiaries of the Government of India s recently approved Production Linked Incentive (PLI) for the Pharmaceutical Sector. Government of India s Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers recently launched a Production Linked Incentive (PLI) Scheme to promote domestic manufacturing by incentivising pharmaceutical manufacturers to set-up greenfield projects in India with a minimum domestic value addition in four different target segments (Two in Fermentation based - at least 90% and Two in the Chemical Synthesis based - at least 70%) with a total outlay of Rs. 6,940 crores. The objective of the scheme is achieving self-reliance and reducing im

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