Indian pharma companies have been struggling to maintain margins because of strong headwinds. Due to increased competition, pharma companies are experiencing price erosion in the market, resulting in sluggish growth. While price erosion is not the only issue at hand, China’s lockdown that caused supply chain disruption, the rise in raw material prices, and the Russia-Ukraine war have raised packaging costs.
F&O stocks to buy today: Escorts, M&M among top 9 trading ideas
On the weekly options front, the maximum Call OI is placed at 22,500 and then towards 22,700 strikes while the maximum Put OI is placed