Sensex Ends Lower; IT Stocks Slump 2.4% On Worries Over H-1B Visas

Notably, European Union contributed about 37% of Wockhardt's revenue of Rs 44.6 billion in the year ended March, followed by India at 32%. APIs produced in Ankleshwar plant are used in formulations exported to the European market.

Recently, in one of our editions of The 5 Minute WrapUp, we have spoken about the USFDA crackdowns faced by the Indian Pharma in the recent times and how they have been constantly investing towards R&D. We believe pharma companies that are upgrading and keeping facilities compliant, and have niche product pipelines in place will see sustained revenue growth going forward.

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