InvestorQ : What was the reason for defence and pharma stocks to rally so sharply on 10 August
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What was the reason for defence and pharma stocks to rally so sharply on 10 August

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4 months ago
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Most pharma stocks including Cipla were up on Monday in the light of the stellar quarterly results reported by Cipla. Interestingly, in the midst of all this uncertainty and volatility, the NSE Pharma index touched a 4-year high.

Defence sector could be the clear beneficiary after government announced embargo on 101 defence import items. Even though the embargo will be implemented over 4 years, the orders for Indian defence companies could start flowing right away.

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