IN last one year equity market has generated huge return for their investors, however, some of them have outperformed by huge margins to the wider market. One of the sectors is pharmaceuticals. After going into a downturn post-pandemic, they have shown a remarkable return in last one year. The Nifty Pharma index have clocked healthy gains, significantly outperforming the equity benchmark Nifty 50. The performance data clearly illustrates the significant outperformance of the Nifty Pharma Index compared to the frontline equity index Nifty 50 across various durations.
Nifty Pharma is consistently demonstrating superior returns. Over one year, for instance, Nifty Pharma surged by an impressive 60.39 per cent, more than doubling the return of the Nifty 50 at 28.30 per cent. Data show that the Nifty Pharma index has gained 24.95 per cent while the Nifty 50 has risen 14.64 per cent in the last six months. If we consider the shorter timeframe, the pharma index has gained by 20.69 per cent in the last three months while the Nifty 50 has gained 12.37 per cent.
This substantial outperformance underscores the strength and resilience of the pharmaceutical sector, likely driven by factors such as innovative drug pipelines, global demand for healthcare, and increased focus on healthcare spending, thereby positioning Nifty Pharma as a standout performer in the equity market landscape.
Why Pharma is at Pink of the Health?
A confluence of factors has played in favour of pharma companies.
continued strength in US Generics Market: The US generics market, the world’s largest and also Indian company’s largest market is expected to maintain steady growth in coming futures due to factors like:
This story is from the March 2024 edition of Indian Economy & Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2024 edition of Indian Economy & Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Do You Know? Now Google Search Results Are Dictated By A Political Doctrine
Google has become the tip of the spear in the management of the public mind. Google search results are dictated by a political doctrine that you are supposed to hold. The algorithms overwhelmingly favor approved talking points, even if false, with a vast and hugely influential machine now serving one political interest and dictated by one agenda. Search is no longer reliably informative of what's actually out there. "I'll Google that," once meant to get a wide range of wants you to believe. Jeffrey A. Tucker says those wonderful days are long gone outlooks on a topic. Now it means mostly to find out what the opinion cartel my & Market
In the Backdrop of World War III
When Iran's Supreme Leader Khamenei thundered a day back, \"We will make the ZIONISTS regret this crime of attacking the Iranian consulate in Syria and other crimes like this, by God's power and strength,\" now the stage is almost set for the World War III.
BE AGGRESSIVE ON DEFENSIVE
In an uncertain and volatile market, FMCG sector with strong return ratios, higher dividend yield ensures long-term capital preservation.
RBI MPC Meeting Key Takeaways
Reserve Bank of India's Monetary Policy Committee has decided to keep the repo rate steady at 6.5 per cent for the seventh consecutive time. Governor Shaktikanta Das highlighted the committee's majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation.
India AI MISSION Well-positioned to Pave the Way for a Transformative Future
The government has allocated Rs 10,300 crore for the IndiaAl Mission over the next five years. By nurturing an environment conducive to innovation, promoting knowledge sharing, and empowering stakeholders, the IndiaAl Mission is well-positioned to pave the way for a transformative future where AI acts as a catalyst for progress and prosperity for everyone.
SOME ETERNAL SUTRAS FOR INVESTORS
Indian Economy & M What's the best way to survive a financial crisis with your wealth intact?
Gold: An Excellent Diversification
Gold is priced in dollars. Inflation means the dollar is worth less in terms of purchasing power. That means it takes more dollars to buy gold, so the dollar price of gold goes up. What you may lose in the rest of your portfolio in terms of dollar purchasing power is made up in part or all from the profits you make on the higher dollar price of gold. James Rickards says owning gold will protect you from the ravages of inflation. You’ll have your inflation protection in place 24/7 and won’t be caught off-guard.
Balaji Telefilms Ltd. Reports Robust Earnings for Q3FY24, To release "Love, Sex aur Dhokha 2"
Balaji Motion Pictures’, a division of Balaji Telefilms Ltd.’s highly anticipated Love, Sex aur Dhokha 2 has been in the headlines ever since its announcement.
PHARMA STOCK: AT PINK OF THEIR HEALTH
Pharma stocks are once again showing sign of strength as they have outperformed key equity indices.
Sarveshwar Foods Ltd. Board Approves Fund Raise of up to ₹99 Crores
Sarveshwar Foods Limited, a leader in the business of manufacturing, trading, processing, and marketing of branded and un-branded basmati and nonbasmati rice, has announced that the board approved a fund-raise of up to Rs. 98.94 Crores by the way of issue of Up to 10,20,00,000 Fully Convertible Warrants convertible into equal number of Equity Shares of face value of Re. 1/- each, to persons belonging to non-promoter group persons at an issue price Rs. 9.70 per warrant, subject to approval of shareholders and other regulatory authorities, as may be applicable.