News From Press Pharma sector attractive again for investors

Pharma sector attractive again for investors

Valuations are at multi-year lows; sector’s expected to remain resilient amid current downturn.

The Economic Times Apr 8, 2020

Pharmaceutical companies have re-emerged as the safer bets for investors in the ongoing market turmoil. With valuations at multi-year lows and the sector expected to remain resilient in the current downturn, investors are opting for larger pharma firms such as Dr Reddy’s Laboratories (DRL), Sun PharmaNSE 11.01 % and CiplaNSE 9.58 %, among others. “Pharma is considered under essentials; the business would hopefully be normal compared to other sectors.

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