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Regulatory overhang may dent Aurobindo Pharma earnings estimate by 15-20%

The stock tanked to its five-year low before closing 8.7 per cent lower on Thursday

Ujjval Jauhari 

Street sentiment regarding Aurobindo Pharma — already weak on account of regulatory observations pertaining to its other facilities — has taken a further hit following the USFDA’s 14 observations to Unit IV, an injectables producing facility. The stock, which had almost halved from the Rs 800-level between April and November 13, slumped to its five-year low before closing 8.7 per cent down on Thursday.

This was despite the company putting up a decent showing in the September quarter (Q2). Analysts say the inspections and observations surprised them, as ...

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First Published: Thu, November 14 2019. 19:40 IST
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