According to many experts Panacea is among the leading fillers of vaccines in our country.In the past they have had a bad time w debt etc but their turnaround might be just around the corner. Rumour has it Dr. Reddy's will utilise them for filling of the Sputnik V for India and the rest of the world which could be a major major opportunity over the next 12 months with clear earnings visibility.
The stock did shoot up a couple days back but then is pulling back. IF the stock does bounce from 207 we could start accumulating the stock speculatively with the hope of a tieup with Dr. Reddys for the vaccine.
Watch this space over the next 2 months because many interesting things could be happening in this space. (No rush to take a major position yet). Just a tracker esp if it bounces off 207.
The stock did shoot up a couple days back but then is pulling back. IF the stock does bounce from 207 we could start accumulating the stock speculatively with the hope of a tieup with Dr. Reddys for the vaccine.
Watch this space over the next 2 months because many interesting things could be happening in this space. (No rush to take a major position yet). Just a tracker esp if it bounces off 207.