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Pharma stocks in the limelight

Nov 13, 2000

Pharma stocks have surged over the past couple of weeks. Growth funds with significant exposure to pharma sector will benefit from this growth.

Scheme Date of holding % Holding NAV 
(Rs)
 K MNC 3 Nov,2000 20.9 9.28
 Tata Tax Savings 30 Sep,2000 20.0 12.22
 Birla MNC Fund (Gr) 29 Sep,2000 20.0 29.37
 Dundee Tax Saver (App) 31 Aug,2000 17.1 9.88
 K 30 3 Nov,2000 16.4 15.75
 Franklin Growth Fund 31 Aug,2000 15.0 6.63
 Canganga 29 Sep,2000 14.8 10.11
 K P Prima Plus (Gr) 30 Sep,2000 14.6 21.16
 Canbonus 30 Sep,2000 14.3 9.68
 Canpep 1993 29 Sep,2000 14.3 20.75
 JM Balanced Fund (Gr) 31 Aug,2000 13.0 16.02
 Zurich (I) Top 200(Gr) 29 Sep,2000 11.4 12.74
 Canglobal 29 Sep,2000 11.3 7.09
 Sun F&C Balanced (Gr) 31 Aug,2000 11.0 7.91
 DSP ML Equity Fund 31 Aug,2000 10.0 16.72
 JM Equity Fund (Gr) 31 Aug,2000 10.0 10.25
 Cantriple 29 Sep,2000 10.0 19.53
(The above table does not consist pharma funds)

Over the last week pharma stocks have appreciated significantly as is evident from the table below.

Companies BSE – 30 S&P CNX Nifty
Cipla - 3.50%
Dr. Reddys 1.10% 1.30%
Ranbaxy 2.40% 3.20%
Glaxo 1.40% 0.90%

Pharma has long been ignored by funds in favour of technology, media, telecom (TMT) stocks. Given the knowledge-based nature of the industry, India’s expertise in pharma is second to none. Funds that realise this will no doubt reap the benefits over the long term.

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