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Amidst growing calls for the Indian economy to lower its carbon footprint, large Indian conglomerates are stepping up efforts to lower emissions and meet their net-zero targets with some urgency. but challenges remain
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Mumbai: Shares of drug makers and healthcare companies were among the top performers on Wednesday boosted by the Reserve Bank of India’s move to provide an on-tap liquidity window of Rs 50,000 crore for the sector to fight Covid-19. Analysts said the announcement could push investors to raise their stakes in defensive sectors like pharma and technology as the second wave of the pandemic has reduced their appetite for cyclicals.
The Nifty Pharma index rallied 4 per cent on Wednesday as against the 1 per cent gains in the Nifty.
Sun Pharma, Lupin, Cadila Healthcare, Aurobindo and Torrent Pharma among others rallied more than 5 per cent.
Read more about RBI s Covid relief: Good move, but late, says health care industry on Business Standard. While some companies said they were open to borrowing, others felt their working capital cycle was comfortable