Syngene International Shares Drop The Most Since 2019 After Cutting Full Year Growth Guidance

Syngene expects financial year 2024 sales to grow in mid-teens in constant currency terms, compared to the high teens growth projected earlier. Syngene cut its guidance in the delivery services segment, which showed signs of slowed growth due to the new funding environment. However, the company said that the long-term sector fundamentals remain strong but the second half of the year may see lower levels of growth. Tune in to watch Sakshi Batra in conversation with Jonathan Hunt, MD & CEO, Syngene International to find out more