Key Points
Auto, pharma stocks offering margin of safety top funds' buy list in July..
Fund managers lapped up pharma given the recent underperformance, lower input prices and attractive valuations..
With first-quarter results encouraging, they bought into stocks like Dr Reddy's Laboratories, Aurobindo Pharma, and Suven Pharmaceuticals.iStock..
You might be interested in
What India's top mutual fund houses bought, sold & completely exited in October
14, Nov, 23The Nifty Pharma index is trading at a price-to-earnings multiple of 31, lower than its five-year average of 36. Fund managers bought into stocks like Aurobindo Pharma, Cipla, Pfizer, Lupin, JB Chemicals, Alkem, and Syngene International.