Pharma Woes

What exactly is wrong with the pharmaceutical stocks in India?

The sector that has corrected sharply in the last few weeks is the pharma sector. At a time when the Nifty has bounced nearly 750 points from its budget-day low, the pharma sector has largely underperformed. This is ironic because over the last 5 years, these pharma stocks have been the best performers in the market overall. So what exactly has spooked these pharma companies? Continue reading

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