𝛼SK or Searchbullish
Indian Contract Manufacturers: A Pair Trade Idea Between Gland Pharma and Syngene International
547 Views13 Dec 2023 09:30
SUMMARY
- We are recommending to go long on Gland Pharma Ltd (GLAND IN) and short on Syngene International Ltd (SYNG IN).
- Gland Pharma, with its niche focus on generic injectables is expected to be outlier, while Syngene, with substantial exposure to early-stage biotech research will continue to have muted performance.
- Over the last six months, Gland Pharma shares rallied 83%, while Syngene International shares declined 5%. We expect the performance gap between the two companies will widen further.
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- Indian Contract Manufacturers: A Pair Trade Idea Between Gland Pharma and Syngene International13 Dec 2023
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