Gland's prospects remain strong, say analysts, as it has a robust pipeline of products with 50 pending Abbreviated New Drug Applications (ANDAs) and a healthy filing rate of 21 ANDAs in 9MFY21
Reliance Jio said it is constructing the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand
Drug firm Gland Pharma on Monday reported a 34 per cent rise in its consolidated net profit to Rs 260.4 crore for the fourth quarter ended March 2021, on account of robust sales
The stock was trading higher for the fourth straight day, up 16 per cent during the period
Shares of Antony Waste, Mrs Bectors Food, Chemcon Speciality and Burger King are down about 40 per cent each
Stelis will commence supplies from September quarter of 2021 and will also continue to work with RDIF to provide additional supply volumes beyond the initial agreement
Analysts upbeat about company's revenues, but say it will have to bump up its capacity quickly to meet the Russian order
Gland Pharma to make 252 mn doses, Hetero 100 mn doses, Strides may also join the fray
The production is expected to commence from the third quarter of 2021 for estimated delivery starting from the fourth quarter of 2021
Earnings are expected to grow over 25 per cent over the next two years
Margin expansion to support profits, clean regulatory track record to help sustain growth journey
If grey market activity is to be believed, despite the high acquisition price, HNIs will make money.
Gland Pharma, promoted by China's Fosun, has extended its gains, is up 40 per cent since its listing
Dishman Carbogen Amcis, Ipca Lab, SPARC, Caplin Point Laboratories, Dr. Lal PathLabs and Granules India from the S&P BSE Healthcare index were up in the range of 4 per cent to 5 per cent on the BSE
The post-listing market capitalisation for the company stands at Rs 29,848 crore, helping it break into the top 10 valuable pharma firms in the country
The Rs 6,480-crore IPO of Gland Pharma managed to sail through solely on the back of institutional investor demand.
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The retail and HNI portion of the IPO were subscribed just 51 per cent and 24 per cent, respectively
Institutional portion sees 6.4x subscription; HNIs, retail investors give issue a miss
Offering received bids for 6.4 mn shares as against 30 mn on offer