Nifty Pharma index is on a winning spree of sorts. The index has not seen a fall of more than -2% on a weekly basis since the last 18 weeks. This has been its longest streak in a decade:chart_with_upwards_trend:
Pharma index is up by 29.35% during the last 18 weeks🔼
Pharma is a defensive sector that normally outperforms during times of crisis. But this time around pharma sector has done well in a good market environment🌐
Only time will tell whether they have loaded pharma stocks to prepare for a rainy day or just added them since they offered value🤔
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https://sam-co.in/7q
