Cipla saw a sales impact of Rs 200 crore in Q4FY20 (~5% of total sales) due to challenges in the movement of logistics mainly for its India formulations business and exports to emerging markets in the initial lockdown phase.
Subdued performance continues, the key issue for GCPL has been that its operating performance in almost all geographies (barring sequential improvements in Indonesia) has been deteriorating — or has remained patchy — for
While we earlier liked Cipla for its stable outlook in focus markets, India and South Africa, we now believe it will be a tall order for Cipla to turn around US sales that are required to improve profitability
Wipro has outperformed peers within the BFSI vertical with double-digit revenue growth (14% y-o-y in 2Q18) and strong deal wins. The recovery in IT spending by some of its banking clients (for which Wipro has a larger presen