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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India’s largest pharma company has caught investors’ fancy and a lot of it is due to founder Dilip Shanghvi’s need to take a different path.
Sun Pharmaceutical Industries’s market capitalization is back at Rs 240,000 crore. That’s just 12% shy of its best ever market capitalization of Rs 269,000 crore, which it hit in March 2015, making its founder Dilip Shanghvi India’s richest person for a brief while before Reliance Industries’s Mukesh Ambani took back the crown.
What makes the Sun Pharma stock stand out is that it has gained 18.3% in the last one year, at a time when the healthcare industry, represented by the BSE Healthcare index, fell 11.85%. Sun Pharma has also significantly outperformed the broader Nifty 50, which has risen 2.4% …
