Telecom and pharma could emerge new leaders in the post-Covid market, but they will not be able to scale the peak leadership seen by financials, said Raamdeo Agrawal, Joint Managing Director of Motilal Oswal Financial Services.
Pharma stocks are back on the radar after years of underperformance amid easing of regulatory oversight in the US and cheaper valuations. Telecom stocks are also back in vogue after a long time due to declining competition and increasing demand for data services.
