Aurobindo\'s strong European\, US prospects keeping analysts bullish

Aurobindo's strong European, US prospects keeping analysts bullish

As the pricing pressure in US generics market recedes, the company is also expected to fair well, say analysts, who see growth impetus coming from its recent acquisitions in the US and Europe

Ujjval Jauhari 

The Aurobindo stock is an outlier in the pharma sector where many companies have been faced with regulatory, growth, and other issues. On Tuesday, it hit a 52-week high taking the gains to 15 per cent from February lows.

The company’s performance, led by its US and European operations, is a key reason for Aurobindo figuring among the top pharma picks of most analysts. The company has continued to grow well driven by its large number of filings and niche range of products such as injectables. Thanks to a diversified product basket and limited dependence on any single product, the ...

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First Published: Tue, April 30 2019. 19:57 IST