The prolonged lockdown in Q1 and expected decline in volumes of discretionary-based products (plywood and laminates) in near term is expected to put pressure on PVA volumes (growth likely to decline in double digits) in FY21.
The termination of Sandoz deal would impact the growth outlook in near term. However, we remain positive on Aurobindo’s track record of continuously growing US generic business, maintaining margin profile in challenging tim
KEC will be a net beneficiary of rupee depreciation and reduction in commodity prices. Given the challenging environment, the company is witnessing lower competition in overseas markets which can result in better pricing and