Dr Reddy reported a surprise drop in Earnings, because of a court mandated payment to an earlier partner in Australia. This resulted in entire pharma sector being punished.
But soon after this, Sun Pharma reported stellar results, and stock shot up to almost ₹800 levels - over a 15% jump!
Aurobindo shares have been similarly punished, for no visible reason - and the stock is now available at 15 times current year earnings - which is quite attractive, to say the least!
There is likely to be some positive news flow - especially around UB-612 - with Aurobindo still the only supplier that has been signed up by Vaxxinity. Paraguay has an order for a million doses, which will invariably be serviced by Aurobindo!
Interestingly, while it appears that Aurobindo is late to COVID Vaccine game, UB-612 is indicated to be effective against Alzheimer’s and Parkinson’s as well - which could be long term large opportunities for Aurobindo.
The involvement of Erik Prince (of Blackwater fame) and Tony Robbins (the motivational coach) with Vaxxinity, make it an interesting partner for Aurobindo.
Whether one looks at news flow, Fundamentals, valuation, or even technical support levels, Aurobindo seems a worthwhile buy.
But soon after this, Sun Pharma reported stellar results, and stock shot up to almost ₹800 levels - over a 15% jump!
Aurobindo shares have been similarly punished, for no visible reason - and the stock is now available at 15 times current year earnings - which is quite attractive, to say the least!
There is likely to be some positive news flow - especially around UB-612 - with Aurobindo still the only supplier that has been signed up by Vaxxinity. Paraguay has an order for a million doses, which will invariably be serviced by Aurobindo!
Interestingly, while it appears that Aurobindo is late to COVID Vaccine game, UB-612 is indicated to be effective against Alzheimer’s and Parkinson’s as well - which could be long term large opportunities for Aurobindo.
The involvement of Erik Prince (of Blackwater fame) and Tony Robbins (the motivational coach) with Vaxxinity, make it an interesting partner for Aurobindo.
Whether one looks at news flow, Fundamentals, valuation, or even technical support levels, Aurobindo seems a worthwhile buy.