Pharma and IT Outshine Their Peers - Chart Of The Day 12 September 2018 - Equitymaster
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Pharma and IT Outshine Their Peers
Sep 12, 2018


2018 has been an eventful year, to say the least. The Sensex touched all-time high of 38,990 last month.

The rupee touched an all-time low of 72.74 yesterday. The crude is going up and gained around 13% in 2018.

The midcap and smallcap indices are feeling the heat. They are down by about 9% and 13% respectively. Whereas, the Sensex is the outperformer with an increase of 12%.

I thought it would be an interesting exercise to see how sectorial indices are performing in 2018.

Here's the result.

BSE IT index is up whopping 41% in 2018. The BSE Healthcare index also did well and is up 8.5%.

Over the last three months, the BSE Healthcare index rose by 24%.

Whereas, the BSE Auto and the BSE Oil & Gas indices were down 8.6% and 9.1% respectively.

With the rupee breaching the 72 mark, IT and pharma are outperforming all other indices.

In the near term, the rupee being under pressure could benefit export-oriented businesses.

My last month's Smart Money Secrets recommendation will benefit from the rupee depreciation.

The company derives around 65% of the revenue from exports. The icing on the cake is the company's focused entry into the B2C segment, which provides it a long runway for future growth.

I believe, the potential upside in this stock is 79%.

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Data Source: BSE India

This Chart Of The Day was published in The 5 Minute WrapUp - Is It the Right Time to Buy Pharma Stocks Now?

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