Five under-valued pharma stocks to buy
These are firms with strong financials and relatively reasonable valuations
With the outbreak of the Covid-19 pandemic, investors latched on to stocks from defensive sectors such as pharmaceuticals, IT and FMCG to beat market volatility. Investors in such stocks were handsomely rewarded in 2020. Take for instance, the S&P BSE Healthcare Index that surged 97 per cent from the March low until December-end 2020.
With the economy showing definite signs of revival, also testified by the December quarter company results, cyclicals stocks are set to do well. While the pharmaceutical sector may not offer another successive year of spectacular returns, one can still search good long-term bets here.