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The Nifty Pharma index is trading at a price-to-earnings multiple of 31, lower than its five-year average of 36. Fund managers bought into stocks like Aurobindo Pharma, Cipla, Pfizer, Lupin, JB Chemicals, Alkem, and Syngene International. ....
Brokerage firm Nuvama in its August mutual fund report said that Suzlon Energy stock stood among the top additions for mutual funds in the smallcap universe alongside Minda Corporation, SJS Enterprises, Inox Wind and Medplus Health Services. ....
Fund managers lapped up falling shares of Britannia Industries with both hands. Their holding in the biscuit maker rose 18.3 per cent in terms of the number of shares held but advanced only 10.9 per cent in value terms. The scrip was down 6 per cent for the month. It was the fifth-worst Nifty50 performer in the period. ....