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IPCA Labs guidance should move investor focus beyond HCQS, accumulate

There is much more to IPCA Labs than the HCQS opportunity. Its FY21 guidance reflects that.

July 06, 2020 / 05:32 PM IST
IPCA Labs guidance should move investor focus beyond HCQS, accumulate

Bharat Immunologicals & Biologicals Corporation | In the last four months, the stock price has risen 444 percent to Rs 31.34 per share from Rs 5.76 per share on March 27, 2020.

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Anubhav Sahu Moneycontrol Research - Strong HCQS sales in Q1 FY21 though uncertainty increases for future demand - Strong operating performance and guidance brings focus beyond HCQS - FY21 guidance for 15% plus sales growth and margin expansion of 150 bps - Resolution of US FDA import alerts and environment clearances - key near term watch IPCA Labs (CMP: Rs 1,662, Market cap: Rs 21,008 crore) had been on the radar of investors as the anti-malarial drug HCQS (hydroxychloroquine sulphate) was seen as a drug of choice...

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