Key Points
Business News/ Markets / Stock Markets/Aurobindo Pharma jumps 91%, others gain up to 94% this year: Why are pharma stocks rising - Explained..
Pharma stocks have been gaining on several factors, including improved performance in the US generics market, robust performance in branded markets, moderation in raw material costs, and market share gains in recently launched products..
Manoj Dalmia, CEO of Proficient Equities said rising demand for healthcare products is one of the key factors that has given a boost to pharma stocks in the recent time..
With valuations of the overall pharmaceutical sector at attractive levels, Prathamesh Masdekar, a research analyst at StoxBox believes that the long-term growth outlook for pharma companies remains intact, and the sector is expected to deliver robust performance in upcoming quarters..
The current market sentiment looks to be in favour of defensive sectors as they are relatively immune to economic downturns, and pharma stocks are often seen as defensive due to the essential nature of healthcare products and services," said Masdekar...
