Stocks

Natco Pharma stock spurts 7.6%

Reuters | Updated on January 24, 2018 Published on March 24, 2015

Shares of Natco Pharma today jumped 7.6 per cent as IDFC has initiated coverage of stock with “outperformer’’ rating and a target price of Rs 2,730.

IDFC says that the company is no more just a “generic Copaxone only’’ story.

Copaxone is Teva Pharmaceutical Industries’ top-selling multiple sclerosis drug as US Supreme Court rules for Teva over MS drug patent.

IDFC adds that the generic Hepatitis C drug launch will boost non-US business.

The stock has four “buy’’, one “hold’’ and 1 “sell’’ ratings, according to Thomson Reuters Eikon data.

Published on March 24, 2015
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