Tuesday, 30 May 2017

Pharma funds worst sectoral performers in a year >> Get NCDEX TIPS and more-

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Pharmaceutical funds have emerged the worst performers among sectoral ones in the past year, trailing other categories such as banking, information technology (IT), fast moving consumer goods (FMCG) and infrastructure. In a year, pharma funds have shed 8.5 per cent, shows data from Value Research. 

In this period, the benchmark BSE Sensex has returned 16 per cent, implying these funds have under performed the market by nearly 25 per cent. Weak results from Sun Pharmaceutical and Taro Pharma, overseas arm of the Sun Pharma.

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