The stock of Gland Pharma is up 56 per cent as compared to its initial public offer (IPO) price on expectations that its expertise in the injectables space, a clean regulatory track record and new launches will sustain 25 per cent plus growth rates over the next few years. India’s largest pharma IPO got listed last month and has gained 29 per cent since.
One of the reasons investors are bullish about the company is the growth prospects over the near to medium term. After posting a 21 per cent sales growth over the FY17-20 period, analysts such as Nikhil Mathur of Ambit Capital ...
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