Lupin's performance was skewed on revenues front amid US and India posting lower than expected sales while RoW and South Africa saw better than anticipated traction this quarter.
It is the generic equivalent of Pristiq, extended-release tablets, 25 mg of PF PRISM C.V, it added
The observations do not, however, imply any restriction on supplies
In the past six months, the stock has shed nearly 30 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.
The company reported lower-than-expected margins and net profit in December quarter due to one-time expenses related to residual metformin returns and provision for aged stock returns of Oseltamivir.
Sun Pharma, Cipla, Natco, Dr Reddy's, Torrent Pharma, Aurobindo Pharma and Strides have launched a generic version of Molnupiravir in India post approval for emergency use authorisation from DCGI
HP Adhesives is likely to debut with a 20-25 per cent listing gain, as per indications from the GMP
Clearance for Goa unit is positive; near-term triggers are new launches and market share gains
Goa plant has an annual capacity of 6 billion units of tablets, capsules or oral suspension drugs. It accounts for 18-20% of firm's US revenue
Despite of today's gain, the stock has underperformed the market by falling 18 per cent in past six months, as compared to 10.5 per cent rally in the S&P BSE Sensex
Announced foray into fragmented diagnostic business where organised chains have less than 20% share of overall business
The pharma index had taken a breather over the past three months after displaying relative out-performance during CY20-21.