Business

Sun Pharma’s allround growth can fuel stock

By Dan Neff

The company has repaid debt of about $185 million in Q1FY22. Over the past five quarters, the company has repaid debt of about $765 million.

Synopsis

The outperformance was driven by a strong showing across all segments (except active ingredients) over the year-ago June quarter and over the preceding March quarter. Gains were made by the US specialty business, there was recovery in the branded generic portfolio in India besides some benefit from Covid-related drugs.

ET Intelligence Group: India’s largest pharma company reported a remarkable performance in the first quarter of this fiscal — satisfying investors who have been waiting to see the company deliver a strong show. The evidence was the 10% jump in the stock following the announcement of results on Friday.

The outperformance was driven by a strong showing across all segments (except active ingredients) over the year-ago June quarter and over the

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff