A mid valuation concerns, investors are turning to .defensive sectors. The pharmaceutical (pharma) sector has benefited from this shift, attracting investors seeking steady cash flows. On Friday, while most sectoral indices closed in the negative, the pharma index ended with gains. Over the past month, the Nifty Pharma, with a gain of 7 per cent, has outperformed other indices; the Nifty 50's returns were capped at 1.6 per cent.
Over the past three months, the pharma index was the second highest gainer with a 14 per cent return, compared to a 10 per cent return for the Nifty 50.
Among the top-listed pharma companies, average returns have exceeded 20 per cent, except for Cipla. The recent boost for listed pharma majors has come from their robust performance in the April-June quarter. Most major companies either surpassed or met Street estimates for sales, with operating margins and net profits exceeding expectations.
Diese Geschichte stammt aus der August 05, 2024-Ausgabe von Business Standard.
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