If you are Interested to invest in the stock market then this is the time to invest in Pharmacy Sector. Pharmacy Sector is blooming right now. It is expecting that the pharmacy sector will produce up to 50% return.
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| Share Market Tips |
Motilal Oswal Securities and his pharma universe which have been declining since 2017-2018, is seeing above 40% growth.
Whereas Phillip Capital sees its pharma universe reporting 42 percent growth in earnings.
The brokerage is positive on Biocon, Cipla, Divi's Labs, IPCA Lab and Sun Pharma NSE -0.27 %, and negative on Glenmark NSE -0.61 % and Lupin NSE -1.40 % as far as quarterly earnings go.
Pricing pressure looms
In case of price erosion, analysts feel that significant price erosion may happen only for drugs where there are fewer than three manufacturers. Besides, they feel that the government may bring in more life-saving drugs under the DPCO (Drug Price Control Order) ambit ahead of state and general elections.
"Lowering drug prices by adding drugs to DPCO is expected to gain a favor of citizens during the 2018 state and 2019 general elections. The impact of adding new drugs to DPCO is to lower both the revenues and profits of pharma companies whose drugs may be added to DPCO," said Karvy Stock Broking.
The valuation premium pharma stocks have enjoyed in the past over the benchmarks is falling, but analysts largely have mixed views on whether the time is ripe for investors to invest in the sector.
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