Quote on Pharma Sector Outlook By Yadhu Ramachandran, Geojit Financial Services
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Below Quote on Pharma Sector Outlook By Yadhu Ramachandran, Research analyst at Geojit Financial Services
The recent rise in the pharma stocks can be attributed to a number of factors, such as an increase in COVID-19 cases in India, a price increase of up to 12% for essential medicines beginning Apr 01st as approved by the NPPA (National Pharmaceutical Pricing Authority), and a moderation in raw material prices due to an improvement in supply from China. Hence, companies with strong domestic exposure are likely to perform well. Export-oriented pharma companies have a modest outlook as the price pressure on US generics is expected to continue in FY24; however, the moderation in raw material costs and valuation will help to attain steady performance even in a volatile market.
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