{"id":59750,"date":"2022-08-22T14:12:00","date_gmt":"2022-08-22T08:42:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=59750"},"modified":"2022-08-22T14:09:19","modified_gmt":"2022-08-22T08:39:19","slug":"midcap-pharma-stock-reaches-52-week-low-brokerage-sees-34-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-pharma-stock-reaches-52-week-low-brokerage-sees-34-upside\/","title":{"rendered":"Midcap Pharma stock reaches 52 week low; Brokerage sees 34% upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1311243898\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Sanofi India Ltd\u2019s share price took a beating in response to litigation threats and a cancer drug development setback. The finance chief of the pharmaceutical company said on Wednesday that a decline was strongly exaggerated and posed a buying opportunity for savvy investors.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3797839843\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Sanofi India is engaged in the business of manufacturing and sale of pharmaceutical products. The company offers innovative solutions in preventive healthcare (vaccines) and treatment for allergies, pain, diabetes, and rare diseases. The company has a very good dividend yield of 7.77%. In fact, it recently declared a special dividend and an interim dividend at the rate of 1930% each.<\/p><p>The company was testing an amcenestrant on women with newly diagnosed advanced breast cancer, however,&nbsp; the trial was stopped early because an independent monitoring panel found no signs of it working. According to a report by the news agency Reuters, this trial failure dealt a major blow to the French healthcare company\u2019s development prospects.<\/p><p>Another factor that has been weighing on Sanofi\u2019s shares recently is a lawsuit over the heartburn drug Zantac. Sanofi was among a few companies that were selling Zantac. However, US regulators pulled it from the market in 2020. The plaintiff in the first lawsuit over the drug agreed to drop his case on Tuesday.<\/p><div class=\"trade-content_5\" id=\"trade-3474287771\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The share price of the company fell by 0.65% on Monday\u2019s early trades to reach a fresh 52-week low of&nbsp; 6295.00. Further, its share price fell by 6.80% in the past month. The shares are currently trading at 6300.00.<\/p><p><strong>Centrum Broking gave a buy call on the shares of Sanofi India on July 28, 2022, with a target price of \u20b9 8,500. This translates to an upside of 34.92%.<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1753738417\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Sanofi India Ltd\u2019s share price took a beating in response to litigation threats and a cancer drug development setback. The finance chief of the pharmaceutical company said on Wednesday that a decline was strongly exaggerated and posed a buying opportunity for savvy investors. Sanofi India is engaged in the business of manufacturing and sale of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[4022,4486,4487,4785,4784,4786,3153,4178,4183,3157,3158],"class_list":["post-59750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sanofi-india","tag-sanofi-india-dividend","tag-sanofi-india-dividend-yield","tag-sanofi-share-price","tag-sanofi-share-price-targets","tag-sanofi-targets","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap Pharma stock reaches 52 week low; Brokerage sees 34% upside - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-pharma-stock-reaches-52-week-low-brokerage-sees-34-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap Pharma stock reaches 52 week low; Brokerage sees 34% upside\" \/>\n<meta property=\"og:description\" content=\"Sanofi India Ltd\u2019s share price took a beating in response to litigation threats and a cancer drug development setback. 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