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ICICI Securities Report
We expect pharma and healthcare companies under our coverage to report moderate growth during the quarter ended December 2020.
We expect easing of lockdown to support some recovery in the acute portfolio and injectable products.
U.S. revenues may witness marginal growth sequentially led by improvement in volumes of injectables, specialty portfolio and new launches. We estimate India business to grow in high single-digit as seen in secondary sales data.
Hospitals and diagnostic centres can report significant recovery QoQ with rise in occupancy levels and pathology test volumes.
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