This pharma stock has doubled investors' money in a year. Axis Securities' recommends as top pick
1 min read . 11 Oct 2021- Gland Pharma and KIMS are the domestic and research brokerage firm's top stock picks in the pharma sector
Home / Markets / Stock Markets / This pharma stock has doubled investors' money in a year. Axis Securities' recommends as top pick
Gland Pharma shares, that listed in November 2020, have surged to ₹3,830 per share currently from its IPO issue price of ₹1,500 apiece, doubling investors money during the period. The pharma stock is also a top stock pick as recommended by Axis Securities in a recent note along with KIMS.
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Gland Pharma shares, that listed in November 2020, have surged to ₹3,830 per share currently from its IPO issue price of ₹1,500 apiece, doubling investors money during the period. The pharma stock is also a top stock pick as recommended by Axis Securities in a recent note along with KIMS.
Manufacturing of Covid-19 products like Sputnik-V, Remdesivir act as strong growth in injectables for Gland Pharma whereas US could drive topline change in product mix could improve the margins quarter-on-quarter (QoQ). Improvement in margins to be to lower other expenses, the note stated.
Manufacturing of Covid-19 products like Sputnik-V, Remdesivir act as strong growth in injectables for Gland Pharma whereas US could drive topline change in product mix could improve the margins quarter-on-quarter (QoQ). Improvement in margins to be to lower other expenses, the note stated.
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It also expects the pharma company to post stable net profit in Q2 due to lower taxes. Though, the brokerage expects to see a slight decline in overall sales this quarter on a QoQ basis with loss of revenue from Covid-driven product.
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For Krishna Institute of Medical Sciences (KIMS), for the second quarter, Axis Securities said that low Covid-patient' volume could drive low revenue, however, change in product mix could improve the margins on a sequential basis.
Shares of KIMS made their stock market debut in June this year. KIMS shares currently trade at around ₹1,155 per share from its IPO issue price of ₹825 apiece.
India Pharma Market (IPM) grew by 16% that is driven by a volume bounce back and recovery in sales of non Covid-19 products, said brokerage firm Axis Securities in a note on Monday. It expects pharma universe could report high single digit growth (8% YoY), majorly driven by Injectables and Generic segment.
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The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
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