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Shares of Laurus Labs rose 3.5 percent in morning trade on the back of completion of USFDA inspection.
The company has completed the US Food and Drug Administration (USFDA) inspection of its API facilities in Units 1 and 3 at Parawada, Visakhapatnam, Andhra Pradesh with two observation which is only procedural in nature.
This is a regular surveillance audit by USFDA, and no data integrity issues were observed in the inspection.
The market bounced back with moderate gains amid volatility on Monday after Friday's sell-off.
The 30-share BSE Sensex was up 7.61 points at 31,532.29 and the 50-share NSE Nifty rose 12.75 points to 9,850.15. About two shares advanced for every share falling on the BSE.
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