In our judgment, over the last six-seven years, pharma has actually gone nowhere and all the negatives that this sector has seen, both in terms of volume contraction as also prices coming down particularly in the export market, those have played out in stock prices.
The bulk of liquidity tightening is over. As inflationary pressures ease, central banks are expected to pause rate hikes, says Sehgal. Monsoon rains, however, remain a worry, as deficient rainfall can send prices spiraling and also affect stocks dependent on rural strength
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Best Media Info: The three-part summit hosted panel discussions on the rapidly evolving wealth and investment scenario of India and its growth potential on a global scale| Industry Briefs News