Syngene International Stock Plunges 15% in 2 Sessions, Hits 5-Year Low
Share Market
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CNBC Awaaz•27-01-2026, 10:37
Syngene International Stock Plunges 15% in 2 Sessions, Hits 5-Year Low
- •Syngene International Ltd. shares dropped 15% over two trading sessions (Friday and Tuesday), with a 7% fall on Tuesday and 8% on Friday.
- •The stock has seen a continuous decline for nine consecutive sessions, resulting in an overall fall of approximately 20%.
- •The company reported a 90% year-on-year profit decline and a 3% earnings drop in the December quarter.
- •Operational performance was weak, with EBITDA falling 26% and margins decreasing to 22.8% from 33.8%.
- •Jefferies downgraded Syngene's stock from 'Hold' to 'Underperform' and cut its target price from ₹660 to ₹480.
Why It Matters: Syngene International shares hit a 5-year low due to poor Q3 results and a brokerage downgrade.
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