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7 BEST PHARMA COMPANIES
Indian Economy & Market
|November 2024
The pharmaceutical industry in India is expected to reach $65 Bn by end of 2024 and to $130 Bn by 2030. India is a major exporter of Pharmaceuticals, with over 200+ countries served by Indian pharma exports. While Nifty's performance has been lackluster over the past month, several pharmaceutical stocks have shown resilience.
AS the broader market index Nifty struggles with a monthly decline of -2.06 per cent, Nifty Pharma has stood out by delivering a positive return of 1.44 per cent, reinforcing its status as a defensive sector. While Nifty's performance has been lackluster over the past month, several pharmaceutical stocks have shown resilience, with four companies - IPCA Laboratories (16.11 per cent), Mankind Pharma (12.57 per cent), Granules India (11.16 per cent), and Divi's Laboratories (12.18 per cent) - posting impressive double-digit returns. On the other hand, companies like Sun Pharmaceutical Industries Ltd, Torrent Pharmaceuticals Ltd and many others managed to outperform Nifty 50.
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