In a letter to Prime Minister Narendra Modi, SJM alleged that the payment of royalty and technical fees to foreign companies is one of the key reasons for rupee depreciation.

A big transformation is happening in the global generic pharmaceutical industry. As a result, stocks of most major drug companies have done badly in the past one year.

The Natco Pharma stock closed 5.57% or 37 points higher at 717.05 on the BSE. The stock has been gaining for the last two days and has risen 8.36% during the period. The stock hit an intra day high of 733.70 (8.02%) in trade today.