
Surprise! Despite Covid-19 sales, Indian pharma an underperformer
A majority of pharma stocks reported double digit negative returns, while the overall market (BSE Sensex) delivered a 9% plus return.
A majority of pharma stocks reported double digit negative returns, while the overall market (BSE Sensex) delivered a 9% plus return.
Dr. Reddy's has acquired a portfolio of injectable products from Eton Pharma for an upfront payment of $5 million in cash, plus contingent payments of up to $45 million
The Sensex and Nifty are poised to surge in opening trade on Monday, tracking strong cues from global peers and firm trends on SGX Nifty.
Ending two sessions gaining streak, the Sensex closed 778 points lower at 55,469, and the Nifty 50 fell 188 points to 16,606, led by sharp selling in auto and banking stocks.
The BSE Sensex and the NSE Nifty are expected to start the week on a bearish note as the escalating situation in Ukraine continues to roil global equities.
The BSE Sensex and the NSE Nifty are expected to see a tepid start on Friday, following mixed cues from Asian peers and a negative finish at Wall Street overnight.
Home-grown smaller players are giving biggies a run for their money in the US generics market.
The country’s daily requirement is over 10 million doses against the production of 2.9 million. The Sputnik V vaccine, which got the nod on Monday, will help bridge the gap, albeit marginally.