Pharma stocks may hold ground as volatility grips global markets

Pharma stocks may hold ground as volatility grips global markets

The Nifty Pharma index was down 1.76 per cent on Friday in comparison with a 568-point or practically three.eight per cent slide within the Nifty50 on weak world cues

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Nifty | Pharma stocks | Pharma industry

Inventory market specialists are of the opinion that pharma shares might show safer bets in the long run, given their regular enterprise prospects. The Nifty Pharma index was down 1.76 per cent on Friday in comparison with a 568-point or practically three.eight per cent slide within the Nifty50 on weak world cues.

To date, in CY21, the Nifty Pharma index has slipped 7.6 per cent, towards a three.9 per cent achieve within the Nifty50, as traders booked revenue publish a stupendous 60 per cent rally in CY20, in contrast with a 15 per cent rally in Nifty50. Consequently, price-earnings (PE) valuation of the Pharma index has …




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First Revealed: Mon, March 01 2021. 01:38 IST


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