We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors
This should reverse the US underperformance in FY15-20 with margins too moving up sharply
Healthcare companies to post decent growth in revenues in Q3FY21
These sectors will face another tough year after coronavirus pandemic, the first challenge being vaccination of India's 1.3 billion people. Devangshu Datta explains the opportunities and threats
Cipla, Cadila Healthcare, Lupin, Sun Pharma and Aurobindo Pharma from the Nifty Pharma index were up in the range of 1 per cent to 2 per cent on the NSE
13,650 is the immediate support which, if breached, could result in some profit booking and drag the index towards 13,500-13,470
On Wednesday, Lupin announced in a BSE filing that its dispute with the sellers in the Gavis and Novel transaction has been resolved amicably to the satisfaction of all parties.
Oct growth rate was 9.6%; Most big corporates saw volumes drop in November
Till Nifty Pharma holds above the 11,180 mark, the bullish bias will prevail, charts suggest.
Drug firm Lupin said the US health regulator has issued 13 observations after inspection of its subsidiary's Somerset facility in New Jersey
US growth has picked up as anticipated, but India and a few other markets still lag
The revenues, however, dropped by 1.2 percent on a year on year (YoY) basis to Rs 3,835 crore, but sequentially the revenues rose 8.7 percent
Restoration of the impacted systems is a priority and is underway, it added
In Q2FY21, the company's revenues declined 12 per cent YoY to Rs 3,835 crore mainly due to Kyowa divestment
The shareholding pattern disclosed by the Tata group automaker showed Rakesh Jhunjhunwala holding 40 million shares
In the past month, Cipla and Lupin outperformed the market by gaining 12 per cent each, against 8 per cent rise in Nifty Pharma index
Primary trend of the stock is positive where stock price is trading above its 200-day SMA
Lupin said it has received approval from the US health regulator to market generic Dimethyl Fumarate delayed-release capsules used for treatment of relapsing forms of multiple sclerosis in adults
During April-July, drug makers exported products worth $ 7.4 billion, a growth of 9.5 per cent on year on year basis
According to IQVIA MAT July 2020 data, Divalproex Sodium extended-release tablets USP had annual sales of approximately USD 130 million (about Rs 950 crore) in the US