Brokerages like Citi and Choice Institutional Equities are optimistic about the pharmaceutical and flexible workspace sectors. Citi maintains a ‘Buy’ on Lupin and Sun Pharma, citing strong US growth and product pipelines. Choice Institutional Equities initiates ‘Buy’ coverage on Smartworks, highlighting India’s booming flexible workspace market and the company’s strong position for significant expansion.
FPIs open March with largest daily pullout in 4 months
Foreign investors pulled out a significant $751.4 million from Indian equities on March 2, ending a strong February inflow. This reversal, driven by escalating Middle