Except phosgenation and fluorination, Suven Pharma is capable of handling every other chemistry. This adds to the scope for contract engagements in speciality chemicals and clinical development for pharma
Sharekhan is bullish on Gland Pharma has recommended buy rating on the stock with a target price of Rs 3040 in its research report dated February 26, 2021.
Valuation at a discount to peers, but significant scope for margin improvement
In the injectables space, Aurobindo Pharma remains constructive and targets to almost double from current annual sales base of $380 million to $650-700 million in three years backed by new plants in the US and Vizag
We believe dominance of profit/royalty-sharing aspect in the business model distinguishes Gland Pharma from other contract manufacturers
Gland Pharma's IPO provides an opportunity to take exposure to a steady earnings compounder with strong credentials