Highlights - Q1 performance dragged by crop protection segment - Adverse operational leverage impacted operating margins - Mega capex plan to provide earnings visibility in medium term - Japan opportunity and animal health businesses could be earnings catalyst Hikal Ltd (CMP: Rs 160, Market cap: Rs 1,973 crore) is one of the few CDMO (contract development and manufacturing organization) businesses that have exposure to both the promising end-markets of Pharma and Crop Protection chemicals. While most players in the CDMO businesses have outshined in terms of both operational...
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