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News 2026-09-22 04:07 UTC

Kotak upgrades India's Mankind Pharma to 'buy' on signs of business recovery

Kotak Institutional Equities upgraded Mankind Pharma to "buy" from "add," citing a broad-based recovery in the domestic business and raising its fair value to 3,000 rupees from 2,885 rupees. The brokerage expects stronger execution, new launches, increased R&D spending, and improving chronic therapy traction to drive g