Sensex Trades Over 200 Points Higher; Dow Futures Up By 79 Points

The company's life sciences revenue grew at a CAGR of 26.3% to Rs 5 billion over FY18-20. In the first nine months of FY21, the segment posted YoY revenue growth of 40.7% at Rs 5.1 billion.

Exports contribute over 60% of the company's total business, while the rest comes from the domestic market. The company operates six manufacturing facilities in Gujarat with an aggregate installed capacity of 23,438 metric tonnes.

How this IPO sails through remains to be seen. Meanwhile, stay tuned for more updates from this space.

Speaking of stock markets, the right investing process can help you win in the long term. It might offer some unexpected and undesirable results in the short term but lets you farewell when you average the outcomes.

According to Richa Agarwal, Senior Research Analyst at Equitymaster, any investment process should not be judged based on individual outcomes. Instead, it should have stood the test of the time.

Her smallcap service Hidden Treasure has had its fair share of failures. But sticking to a disciplined process meant that Hidden Treasure's internal rate of return (IRR) increased to 24.38% since inception.

This compares favorably to the IRRs of 9.6% for the Sensex, and 8.8% for the smallcap index in the same period (February 2008 - June 2020) as can be seen in the chart below.

The service's performance did suffer in the short term after the 2018 crash in small caps. However, the long-term track record and the post-COVID rebound underscores the strength of stock-picking process.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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