Weekly Tactical Pick | Solara Active Pharma Sciences
The stock rides on many tailwinds: business growth opportunity, innovation pipeline and its strong operating performance
March 09, 2020 / 09:44 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
In this edition of tactical picks, we suggest an API (active pharmaceutical ingredient) play - Solara Active Pharma Sciences (Market cap: Rs 1,662 crore, CMP: Rs 645). The company has an API portfolio of more than 50 molecules which makes it well positioned to capitalize on the opportunities from a disruption in global pharma supply chain.
The coronavirus epidemic has added to global concerns over the dependence on China for APIs and KSMs (key starting materials). Of the total...