Pharma stocks: India's share in global CRDMO market will likely rise to 4.7% by 2029 from 3.8% in 2024, making it an attractive sector, HDFC Securities said.
Pharma stocks: The Biosecure Act bars some Chinese biotech companies from receiving federal funding.
Pharma stocks | 'With valuations moderating after recent corrections, selective accumulation in quality names could offer attractive returns once the broader sector stabilizes,' said market analyst Kalp Jain.
Pharma stocks: The Nifty Pharma index has now snapped a three-session gaining streak.
Trump's letters to 17 of the world’s biggest pharmaceutical majors has stated that companies should immediately lower charges for existing drugs, and furnish guarantee that future medicines be launched at par with what other countries are paying.
The pharma sector will be in focus on July 9, after Donald Trump said that he would make an announcement on pharmaceuticals tariffs soon.
Pharma stocks: The rise in the pharma stocks comes on the back of easing global trade tensions, with US President Donald Trump announcing that the trade deal between US and China is "done".
The Nifty Pharma index is currently the top gaining sectoral index on NSE, rising over 1 percent to hover around 21,586.80.
Trump’s 'Most Favored Nation' policy could reignite legal battles; Indian generic makers seen insulated for now
Indian pharmaceutical stocks recovered from their fall, after U.S. President Donald Trump announced a push to lower domestic drug prices between 30 to 80 percent.
Pharma stocks are trading in the red during the April 7 session, as tariff fears are reignited for the sector and investors cut their holdings.
CLSA said that even if tariffs are imposed, Indian drug makers are likely to pass on the costs, given their dominant market share.
Pharma stocks are trading in the red during the April 4 session, after a big rally in the previous session, as tariff fears are reignited for the sector.
Indian drugmakers earn a significant share of revenue from the US, the largest importer of Indian pharma products
Any tariffs on India or potential onshoring in US would be counterproductive, increasing the prices for US generics created by Indian pharma players.
Broad-based gains across most pharmaceutical stocks propelled the Nifty Pharma index over 1 percent higher, making it the sole sectoral gainer in today's trade.
Several market experts are seeing a case for strong buying within the pharma sectors, especially midcap names, driven by their comfortable valuations, decent earnings trajectory and robust growth prospects.
Nifty Pharma index made life highs while Nifty IT index is 1,000 points away from its life highs. The rally in defensive stocks indicates risk-off mood in the markets.
The rally in PSU stocks is attributed to the success of the Atmanirbhar Bharat initiative and the Make in India program, yielding positive results for most listed PSU companies.
The pharma industry is one of the few defensive industries and investor interest in it is also rising, as concerns about COVID-19 gain momentum, said Aamar Deo Singh, Senior Vice President, Research, Angel One.
Nifty Pharma was the top sectoral performer followed by media and consumer durables
So far this year, Sun Pharma shares surged over 26 percent as against 17 percent rise in the benchmark Sensex
In the second quarter of FY24, the Pharma stocks saw strong revenue growth of 14.3% year-over-year and 1.7% quarter-over-quarter
Q2 earnings of most drugmakers topped the Street's expectations despite modest growth in acute sales within the domestic pharma market.
The pharma sector has had a stellar run this year, so far, which also gives investors more leeway to take partial profits home