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Will pharma stocks continue their dream rally in FY25?

PRESCRIPTION FOR CAUTION: Analysts sound alarm on valuations after past year's recovery

pharma medicine drugs
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Shivam Tyagi New Delhi

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Stocks in the pharmaceutical (pharma) sector have had a dream run so far in 2023-24 (FY24), with the National Stock Exchange Nifty Pharma Index surging 58.2 per cent in this period against a dip of 11 per cent in 2022-23 (FY23), reveals Ace Equity data. The index has also outperformed the Nifty50, which grew by 28.7 per cent in the current financial year.

Among stocks, Orchid Pharma gave a handsome return of 210 per cent, followed by Lupin’s 157 per cent jump so far in 2023-24 (FY24).

Others like Suven Life Sciences, Venus Remedies, and Aurobindo Pharma saw 127 per

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First Published: Mar 06 2024 | 2:09 PM IST

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