Indian pharma companies have been struggling to maintain margins because of strong headwinds. Due to increased competition, pharma companies are experiencing price erosion in the market, resulting in sluggish growth. While price erosion is not the only issue at hand, China’s lockdown that caused supply chain disruption, the rise in raw material prices, and the Russia-Ukraine war have raised packaging costs.
ITC Hotels to be removed from Sensex and BSE indices today
ITC Hotels share price: The newly demerged entity made its debut on the NSE and BSE at Rs 180 and Rs 188 per share, respectively,