US EditionPharma Stock Falls 7% Despite Turning Profitable in Q4 as Cash Flow Declines
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Pharma Stock Falls 7% Despite Turning Profitable in Q4 as Cash Flow Declines
A sharp turnaround in quarterly earnings failed to impress the markets today, as shares of a midcap pharmaceutical manufacturer dropped nearly 7% despite posting a return to profitability in the March quarter. The decline reflects investor caution over deteriorating cash flows and ongoing losses from discontinued operations factors that continue to cloud the company’s long-term financial health. The company in focus is Bajaj Healthcare Ltd, a ph…
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