Neuland Laboratories: Reverse Gear
Moneylife Digital Team 05 August 2021
The stock of Neuland Laboratories (Neuland) was trading around Rs1,950 on the National Stock Exchange (NSE) for nearly three hours before it nosedived to Rs1,864, a dip of 5% from the previous day’s close. The decline was on account of its poor performance for the June quarter. Revenue declined by 2% y-o-y (year-on-year) and 18% sequentially to Rs201 crore. The decline was attributed to...
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