This is a very interesting development which prima facie looks like an extremely positive development for India pharmaceutical stocks especially stocks like Dr.Reddys which has good exposure to russian markets.
But is it really that simple ? It probably is not - Because it may also have a counter impact of US and EU business for these companies.
What do you think about this development ? Letâs use this thread to discuss more about pharma stocks.
Is it only me or of late are you also a stable and strong performance by the pharma sector - Stocks inching up slowly and silently? and truly behaving like defensive sector
The healthcare sector is doing quite well Moderna for example has gotten new contracts plus i read they are going for more cant wait to see how the Indian Pharma companies will fare as well.
With so much government support and at a time when medical commodities are in high demand, there is no doubt that this is the best time to invest in the healthcare and pharmaceutical sectors. Because of the COVID pandemic, all countries have increased their healthcare spending, resulting in organic growth in the healthcare sector. So, invest in some fundamentally sound stocks and hold them for the long term.