Globally, India has the lowest manufacturing costs in the pharma sector. This ability to manufacture high quality and low-priced medicines, presents a huge business opportunity for the domestic industry.
India's cost of production is approximately 33% lower than that of the US.
Over the years, domestic pharma manufacturers have experienced a significant increase in R&D spending to be competitive in the world market.
The Covid-19 pandemic may as well turn out to be a blessing in disguise for pharma companies as it pushed them to expedite focus on various pharma segments.
Further, pharma companies' efforts have been supplemented by the government's production-linked incentive (PLI) scheme.
All of this puts the top pharma companies in India in a sweet spot.
However, the opportunities are not just limited to the big pharma companies. Even their smaller counterparts can make a breakthrough and get recognized.
If the smaller companies do have a major impact in the future, the pharma sector penny stocks could turn into future bluechips.
Here are some of the pharma sector penny stocks to add to your watchlist.
These companies could become the best pharma stocks in India.
Since pharma stocks interest you, check out our list of pharma stocks which has Indian pharma stocks and MNC pharma stocks.
You can also checkout our playlist on Pharma Stocks on Equitymaster's YouTube channel.
Apr 11, 2024
This pharma sector penny stock is taking a giant leap in developing medical facilities at railways stations.
Mar 3, 2024
India's ability to manufacture high quality and low-priced medicines presents a huge business opportunity for these pharma sector penny stocks.
Sep 29, 2023
Shares of Navin Fluorine tanked 13% today. Read on to find out why.
May 12, 2023
Dr Reddy's Lab shares tumbled 5%, even after reporting a ten-fold jump in Q4 net profit. Here's why.
Apr 28, 2023
Has the pharma sector bottomed out? Find out as I decode the opportunity in the pharma sector.
Apr 20, 2023
Are the bitter days over for the Indian pharma sector? Here's what lies ahead.
Mar 2, 2023
One of the best pharma stocks in India, Cipla is starting to show signs of downtrend after a decent rally in early 2023. What next?
Feb 20, 2023
Charlie Munger's interesting take on investing in China and the lesson to be learnt from it.
Dec 29, 2022
Should you buy into the pharma stock rally in the stock market? Find out...
Dec 20, 2022
This pharma company hit a new 52-week low Here's why.
Mar 11, 2024
Pharma companies won't be the only ones to benefit as the sector grows. Medical equipment stocks could also come into play.
Oct 3, 2023
Glenmark Pharma shares surge 10% in a day. What's driving the rally?
Jul 25, 2023
From grey market premium to price band, here's everything you need to know about the upcoming IPO.
May 11, 2023
The company's shares have plummeted 5% in a month. More details inside.
Apr 25, 2023
Every domestic pharma stock in India must contend with these woes.
Mar 22, 2023
This company recently concluded its IPO on the BSE SME segment where the issue price was set at Rs 73.
Feb 27, 2023
How ChatGPT refused to compare two pharma stocks and left the decision to us.
Jan 10, 2023
Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala sold 0.5% stake in this company.
Dec 27, 2022
With Covid cases rising, pharma stocks have once again started to rally. But my technical indicators suggest the rally may not last.
Dec 8, 2022
The shares of this pharma company is trading just 1% away from its 52-week low. Here's why.
Based on marketcap, these are the top pharma companies in India:
You can see the full list of pharmaceuticals stocks here.
And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for top pharma companies in India .
Within the Pharmaceuticals sector, the top gainers were ACHYUT HEALTHCARE (up 13.7%) and SOLARA ACTIVE PHARMA SCIENCES (up 12.2%). On the other hand, CHANDRA BHAGAT PHARMA (down 11.1%) and PATIDAR BUILDCON (down 10.0%) were among the top losers.
For more, please check out our pharma sector report.
The details of listed pharma companies can be found on the NSE and BSE website.
For a more curated list, you can check out our list of pharma stocks which has Indian pharma stocks and MNC pharma stocks.