The drugmaker plans to deploy ₹500 crore for another acquisition within 12 months as it targets 25 per cent annual growth in its API business over the next five years
The drugmaker has more than ₹500 crore of capital available and is evaluating businesses that can add differentiated chemistry, regulatory access and export capabilities
Stocks to watch today: Tata Steel, Tata Power, ITC, Sun Pharma, Swiggy, IOCL, IRFC, Maruti Suzuki, Bajaj Finance, JBM Auto, LIC Housing Finance, Hyundai Motor, among others, will be in focus today
Pharma stocks: RPG Life, Thyrocare, Hester Biosciences, Rubicon Research, IOL Chemicals, Emcure and Suven Life from the BSE Healthcare index rallied between 4% and 8% on Monday.