Limited near term gains for Syngene International stock in pharma space

Sharp re-rating has turned the stock into the most expensive in the pharma space

Topics
Syngene International | Pharma stocks

Ram Prasad Sahu 

The Syngene International stock has been one of the big outperformers within the pharma space over the past year nearly doubling in value. The gains came on the back of expectations that a rise in research and development programmes of innovators and the expansion of its contract manufacturing business will boost its medium term prospects.

Development of an antibody test kit for Covid-19 and tie-up for broad spectrum antiviral Covid-19 medication Remdesvir also added to the gains. Higher valuation multiple for companies in the contract research and manufacturing services space led to a ...

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First Published: Mon, January 04 2021. 06:10 IST
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