Even I am wondering what caused this big fall. Quant exited last month (not sure if they were doing some year end planning), Kenneth’s fund has entered recently and accumulated further (he is not in for short term). Results are not bad but impact of temporary issues as highlighted in presentation. Long Term I don’t anticipate adverse scenario. In fact with US becoming more suspicious of China I see good traction for Indian Pharma. I am in it for long haul and accumulating based on my capacity on each such big fall.
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