With the rising prevalence of chronic diseases and growth of biologics, MC Pro recommends holding Gland Pharma. Post the recent correction and downward adjustments in estimates, Gland Pharma is trading at 17x EV/EBITDA for FY24e. Here’s why it makes for a good investment bet.
Nandan Chakraborty of Axis Capital believes that October will set the near-term tone for the market. The couple of triggers which he is looking out for is the spending in the festive season and some bold reforms likely especially in the oil and gas space after the Maharashtra and Haryana elections. That can actually set the tone in the near-term.
In an interview with CNBC-TV18, Nitin Rakesh, CEO, Motilal Oswal AMC gave his readings and outlook for the market.