A clutch of suitors including pharmaceutical companies and bulge-bracket private equity firms have shown interest in picking up a majority stake in JB Chemicals & ..
BNP prefers Sun Pharma and JB Chemicals in the pharma space and while it likes Apollo Hospitals Enterprise and Metropolis Healthcare Ltd in the healthcare services.
Just before the whole market was consumed by the PSU rally, one sector that came into the limelight after many years of underperformance was the Indian pharma companies, yes they are very different in every sense from MNC pharma. During the PSU rally, these pharma stocks have been consolidating, however, in the last few days, some of them have once again started reacting to positive developments in the individual company indicating that there is money on the sideline that is ready to come into these stocks. Sectors like pharma which have seen a very long phase of business remodelling and valuation readjustment need to be brought back on the watch list. It might be too early to call, but if a re-rating gets momentum once again then they might be better candidates for volatile markets.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day.