Forwarded Message
Subject: Sun Pharma: Ghosts Of Halol Plant/Ranbaxy & USFDA Is Still
There ??
Date: Tue, 10 Nov 2015 08:51:47 +0530
From: Asis Ghosh
Reply-To: asis...@gmail.com
The stock is down by nearly 38% from its April'15 peak & may
India imports a lot of goods, but we tend to make it up with two things:
Service exports and inward remittances. (We don’t make all of it up, but
yes, that’s a good chunk)
These make up most of the “invisibles” in India’s trade. Invisible, as in
not visible in ports and trading points, because
IDFC’s earnings continue to be tepid as balance sheet contraction persists
while spreads remain under pressure (20bp QoQ decline). Asset
quality deteriorated sharply with GNPLs increasing by 81% QoQ however
hefty one‐time provisioning of Rs25bn resulted in a decline in net
stressed