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Stocks of frontline pharmaceutical companies look strong during the coming week, as the stock market continues to be rocky and market players remain unsure amid rupee volatility. After IT (information technology) stocks because of advantage of rupee weakness. All the pharmaceutical stocks are looking positive in the coming week. Topline of many Indian pharmaceutical companies is export heavy, so the weakening rupee against the US dollar is a boon for them, while it causes mayhem for other sectors. Being defensive stocks look positive. Rupee decline is beneficial for these stocks, except for those that have foreign loans like Aurobindo (Pharma), Cadila (Healthcare) and Jubilant (Life Sciences).
Stocks of frontline pharmaceutical companies look strong during the coming week, as the stock market continues to be rocky and market players remain unsure amid rupee volatility. After IT (information technology) stocks because of advantage of rupee weakness. All the pharmaceutical stocks are looking positive in the coming week. Topline of many Indian pharmaceutical companies is export heavy, so the weakening rupee against the US dollar is a boon for them, while it causes mayhem for other sectors. Being defensive stocks look positive. Rupee decline is beneficial for these stocks, except for those that have foreign loans like Aurobindo (Pharma), Cadila (Healthcare) and Jubilant (Life Sciences).
