The Nifty Pharma is the second-best-performing sectoral index this year, delivering returns of over 39 per cent compared to 17 per cent for the benchmark index, Nifty 50. This week, eight listed pharmaceutical (pharma) majors crossed the ₹1 trillion mark in market capitalisation, up from just three a year ago. The latest addition to this elite group is Mankind Pharma, which reached this milestone on Friday. These gains stem from the sector's ability to maintain growth momentum, supported by new product launches, stable generics pricing, drug shortages in the US market, and consistent domestic market performance.
After achieving revenue growth of 10 per cent last year, most brokerages and rating agencies expect the Indian pharma sector to grow by 8-10 per cent this year. This growth will likely come from opportunities in both the domestic market and exports to regulated and semi-regulated markets.
Denne historien er fra September 23, 2024-utgaven av Business Standard.
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Denne historien er fra September 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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FY25 as weak-earnings year is gradually getting priced in
Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:
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Brokerages positively revise their earnings forecasts, maintain target price
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Accounting for climate finance
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Re-examine trade pacts
India must consider entering CPTPP, RCEP
