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Post-IBC survivors show mixed performance on bourses, with only Orchid Pharma in green

Companies that emerged from India’s insolvency process and kept their stock exchange listings have delivered sharply divergent returns over the past year, with three of the four most-traded names losing between a third and three-fifths of their value. Orchid Pharma, acquired by Dhanuka Laboratories through the corporate insolvency resolution process, is the outlier. The stock…