Pharma Stocks and Corporate Moves Dominate Market Attention

Six pharmaceutical stocks—Godavari Power, Hindustan National Glass, Azad Engg, Lemon Tree, VIP Industries, PG Electroplast, and OIL—are expected to remain in focus on Monday, September 30. Meanwhile, Glenmark Pharmaceuticals, Granules India, SUN Pharma, Zydus, and Unichem are recalling products in the US market due to manufacturing issues flagged by the US Food and Drug Administration (USFDA). The recalls are voluntary, with affected lots being pulled from the American market.

Glenmark Pharmaceuticals' US subsidiary is recalling 13,824 Azelaic Acid Gel tubes produced at its Goa plant after market complaints about a gritty texture. The USFDA cited CGMP deviations as the reason.

Alkem Laboratories has announced a business transfer agreement with its wholly-owned subsidiary, Alkem Wellness, effective October 1, 2025. The deal involves the transfer of its trade generics business.

Kothari Industrial Corporation Ltd (KICL) has signed an MoU with Italy's Accademia IUAD to establish a joint venture training center in Tamil Nadu. The collaboration aims to set up an international-standard training facility.

Godawari Power & Ispat Ltd (GPIL) is conducting an internal inquiry into six deaths following an unspecified incident.