The said appointment is subject to approval of the shareholders of the company.

Rashesh C. Gogri had been president - marketing with the company and then after appointed as the managing director of the company in the year 2012. He has more than 20 years of experience in the field of production, marketing and project implementation in the chemical and pharmaceuticals industry.

Aarti Drugs is primarily involved in manufacturing and marketing of active pharmaceutical ingredients (API), pharma intermediates and specialty chemicals.

On a consolidated basis, net profit of Aarti Drugs declined 28.72% to Rs 34.79 crore on 7.24% rise in net sales to Rs 621.96 crore in Q1 June 2022 over Q1 June 2021.

The scrip shed 0.58% to currently trade at Rs 443.90 on the BSE.

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Happiest Minds Technologies Ltd, Edelweiss Financial Services Ltd, CESC Ltd, Century Textiles & Industries Ltd are among the other stocks to see a surge in volumes on NSE today, 17 August 2022.

Aarti Drugs Ltd witnessed volume of 26.54 lakh shares by 14:14 IST on NSE, a 32.22 times surge over two-week average daily volume of 82377 shares. The stock increased 11.92% to Rs.473.60. Volumes stood at 69803 shares in the last session.

Happiest Minds Technologies Ltd registered volume of 25.62 lakh shares by 14:14 IST on NSE, a 8.57 fold spurt over two-week average daily volume of 2.99 lakh shares. The stock rose 7.36% to Rs.1,073.70. Volumes stood at 5 lakh shares in the last session.

Edelweiss Financial Services Ltd recorded volume of 42.26 lakh shares by 14:14 IST on NSE, a 7.11 times surge over two-week average daily volume of 5.95 lakh shares. The stock gained 7.24% to Rs.61.50. Volumes stood at 5.86 lakh shares in the last session.

CESC Ltd notched up volume of 66.54 lakh shares by 14:14 IST on NSE, a 6.58 fold spurt over two-week average daily volume of 10.12 lakh shares. The stock rose 3.16% to Rs.81.55. Volumes stood at 11.59 lakh shares in the last session.

Century Textiles & Industries Ltd saw volume of 6.07 lakh shares by 14:14 IST on NSE, a 5.59 fold spurt over two-week average daily volume of 1.09 lakh shares. The stock increased 5.00% to Rs.876.25. Volumes stood at 86025 shares in the last session.

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Ofloxacin is a quinolone antibiotic useful for the treatment of a number of bacterial infections.

Aarti Drugs had earlier filed an application for anti-dumping duty on Ofloxacin and its intermediates imported from China.

Following the application, an anti-dumping investigation concerning imports of Ofloxacin and its intermediates originating in or exported from China PR was initiated on 17 September 2021 under the Customs Tariff (Identification, Assessment and Collection of Anti-dumping duty on Dumped Articles and for Determination of Injury) Rules, 1995 (AD Rules).

DGTR has reportedly completed investigation on the application of Aarti Drugs and has recommended continuation of anti-dumping duty on Ofloxacin and its intermediates imported from China.

Aarti Drugs is primarily involved in manufacturing and marketing of active pharmaceutical ingredients (API), pharma intermediates and specialty chemicals.

On a consolidated basis, net profit of Aarti Drugs declined 28.72% to Rs 34.79 crore on 7.24% rise in net sales to Rs 621.96 crore in Q1 June 2022 over Q1 June 2021.

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Net profit of Aarti Drugs declined 28.72% to Rs 34.79 crore in the quarter ended June 2022 as against Rs 48.81 crore during the previous quarter ended June 2021. Sales rose 7.24% to Rs 621.96 crore in the quarter ended June 2022 as against Rs 579.95 crore during the previous quarter ended June 2021.

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