Yes. GLS may be re-rated now after the management change.
The simple thing was that with GP promoters, GLS was mainly a CMO and now it’s trying to become CDMO. But it has a very ‘LONG LONG’ way to go. Check below the CMO & CDMO percentages of sales.
This is taken from the Aug 24 Investor Presentation.
Currently not invested.
dr.vikas
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