‘Defensive’ pharma scales new peak as Street looks beyond high-growth plays

August 28, 2024

Pharma stocks have gained investor interest as the Nifty Pharma index reaches new highs. Amid economic uncertainties, defensive sectors like pharma offer minimal risk. Notable picks include Lupin, Sun Pharma, and Dr Reddy’s. The sector saw significant foreign inflows, driven by the performance of the generic drug Revlimid.

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The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,

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Unimech Aerospace IPO opens tomorrow. Price band, GMP among 5 things to know before subscribing

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