The Nifty Pharma index was down 1.76 per cent on Friday in comparison with a 568-point or almost 3.8 per cent slide within the Nifty50 on weak world cues
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Nifty | Pharma shares | Pharma trade
Inventory market consultants are of the opinion that pharma shares might show safer bets in the long run, given their regular enterprise prospects. The Nifty Pharma index was down 1.76 per cent on Friday in comparison with a 568-point or almost 3.8 per cent slide within the Nifty50 on weak world cues.
Thus far, in CY21, the Nifty Pharma index has slipped 7.6 per cent, in opposition to a 3.9 per cent achieve within the Nifty50, as traders booked revenue submit a stupendous 60 per cent rally in CY20, in contrast with a 15 per cent rally in Nifty50. Consequently, price-earnings (PE) valuation of the Pharma index has …
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First Revealed: Mon, March 01 2021. 01:38 IST