I am unable to answer this question. Would be much obliged if anyone has an answer. If NGS is such a competitive space, why should we be getting excited about it?
With the third wave unfortunately building up though, covid test kits sales in India and the UK are likely to pick up again and bring in fresh cash flows in addition to the main business. I foresee a breakout from the consolidation soon.
Disclosure: Invested and biased.
Full portfolio Vineet Jain portfolio