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Right dose

Gainers: Orchid Chemicals & Pharmaceuticals zoomed 12%. India is promoting export of pharmaceutical products to China. At present, bilateral trade between the two countries stands at Rs2.79 trillion. Though this is a 20-fold increase since 2000, it is largely in China’s favour. India is seeking to correct this equation. A memorandum of understanding (MoU) will be signed between Indian Drug...

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Oil is well

Gainers: On the basis of turnover achieved in the first six months of FY10-11, JVL Agro’s management expects the company to achieve a turnover of Rs2,000 crore this year. The company has already achieved a turnover of Rs1,018.13 crore in the half-year ended 30 September 2010. Work at the company’s Haldia plant is processing rapidly and is expected to commence production by 2011. JVL Agro...

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Sweet hopes

Gainers: Food and agriculture minister Sharad Pawar recently said that the government will allow sugar exports of 0.5 million tonnes to gain from high global prices. He added that the shipments will not impact domestic retail prices. The government had earlier allowed exports of about 1.5 million tonnes of sugar through the ‘Advance Licence Scheme’ (ALS). Under ALS, mills have to fulfil their...

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