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update - based on recent news report, api prices have fallen significantly. this means morepenlab margin will be good due to low raw material cost from china. the same news article also tells that there is a fall in pharma demand. so top line may be around 400cr for morepen. search "api prices down", read economic times article. raw material prices will continue to be low for next 2-3 quarter. this is what i was telling you folks.

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