Will the Pharma rally continue Unabated? | Ravi Dharmashi To ET NOW
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In an exclusive chat with ET Now notable investor Ravi Dharmashi CIO of ValueQuest Investment Advisors says he continues to be bullish on the Pharma stocks despite the recent run-up but he feels that rally from here on will get selective. According to Ravi Dharmashi, the run-up from March 2020 lows for Pharma names has made valuations of Pharma companies look fair after under-valuations of the sector due to 4 years of underperformance since 2015. The sharp rally in the Pharma space also factors in 'Stable Generic Price trends in the developed markets & corrects the under-ownership of institutional investors due to earlier underperformance. Ravi continues to be bullish on the Indian Pharma space but advises a basket approach to the sector with a mix of 'Oral Solids, Bio-similars & domestic facing large pharma companies' Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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