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Why pharma stocks are underperforming despite Rs 2.23 trn Budget allocation


Union Budget 2021, which was presented amid a global health crisis, was sketched with 6 pillars in focus. Among these, healthcare was the foremost agendum of Finance Minister Nirmala Sitha­raman’s Budget speech, and the sector was allocated a generous pie of the entire budgetary allocation.
At Rs 223,846 crore, the sector s allocation jumped around 118 per cent over the Revised Estimate of the current fiscal year. Yet, stocks from the sector have been underwhelming at the bourses.
The S&P BSE Healthcare index is up just 1 per cent on the BSE today, at 20,891.5 levels, as against an over 2 per cent gain in the S&P BSE Sensex. In the past two days, the Sensex index has jumped nearly 4,000 points or 7.2 per cent, compared with the Healthcare index’s 1.2 per cent gain. ....

Prabhudas Lillahder , Siddhant Khandekar , Surajit Pal , Jal Jeevan , Nirmala Sitha , Prabhudas Lilladher , Aatmanirbhar Health Mission , Union Budget , Finance Minister Nirmala Sitha , Revised Estimate , Budget Estimate , Aatmanirbhar Scheme , சித்தாந்த் கண்டெகர் , சூராஜித் நண்பா , ஜ்யால் ஜீவன் , நிர்மலா சித்தா , பிரபுடச் லில்லாதர் , தொழிற்சங்கம் பட்ஜெட் , நிதி அமைச்சர் நிர்மலா சித்தா , பட்ஜெட் மதிப்பீடு ,