Hi Nav,
Sorry for the very late reply, couldn’t get time (drenched in chennai rains)… Yes the company did not do very well in the past… But with the recent developments and managements decision to review the company and IPCA’s takeover plan are something which is attracting… If you look at the future then this is an company to be considered for investment… This the only company in India and one of the very few company in the world to manufacture pharma prods through fermentation process… It may take another 2 to 3 qtrs for the company to show some sign of improvements. Also the company own’s two USFDA approved plants and hefty land (which can be considered for expansions in the future as well). I strongly believe things will materialize positively.
Please do your research as well and let us know if you find any mishap… I’m invested in this stock with a long term view.
Regards,
Sarav
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