CDMO shares under pressure; Neuland, Laurus, Syngene tank up to 12%

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CDMO shares under pressure; Neuland, Laurus, Syngene tank up to 12% - Business Standard

Quick Summary:

The sector is witnessing an easing of input costs – of raw material, freight, and power – that are likely to aid the sector in expanding margins.

The sector is mainly a low-debt sector with increasing operational profit followed by experiencing the advantage of a low tax rate due to its operations in the SEZ sector.

The management has guided for high single-digit growth on a constant currency basis in FY25 and similar kind of Ebitda margins as were in FY24,” ICICI Securities had said in its Q2FY25 results update.