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Stocks of major pharmaceutical companies look strong in the coming week as investors remain unsure about the volatility of the market and the rupee. Pharma stocks are expected to keep the momentum as traders are not sure how the markets will behave. These stocks are the safe havens during the time of volatility in the market. That the entire trending pattern of the pharmaceutical sector looked very bullish. Topline of many Indian pharmaceutical companies is export heavy so the weakening of rupee against the dollar is a boon for them while it causes mayhem for other sectors.
Pharmaceutical companies are the beneficiaries of rising dollar prices. Over 30-40% of their revenues are from overseas, so obviously they have gained and will gain with it. According to the big picks in the short run are Sun Pharmaceutical, Cipla and Aurobindo Pharma while sees Glenmark as performing well, and also picked Dr. Reddy's laboratories and Sun Pharmaceuticals.
Stocks of major pharmaceutical companies look strong in the coming week as investors remain unsure about the volatility of the market and the rupee. Pharma stocks are expected to keep the momentum as traders are not sure how the markets will behave. These stocks are the safe havens during the time of volatility in the market. That the entire trending pattern of the pharmaceutical sector looked very bullish. Topline of many Indian pharmaceutical companies is export heavy so the weakening of rupee against the dollar is a boon for them while it causes mayhem for other sectors.
Pharmaceutical companies are the beneficiaries of rising dollar prices. Over 30-40% of their revenues are from overseas, so obviously they have gained and will gain with it. According to the big picks in the short run are Sun Pharmaceutical, Cipla and Aurobindo Pharma while sees Glenmark as performing well, and also picked Dr. Reddy's laboratories and Sun Pharmaceuticals.
