As mentioned in the earlier post you quoted, pharma sector shows strength in select pockets. The pharma index is strong because its main constituents like Sun Pharma, Dr reddys, Zydus life etc have very strong charts and are in strong up trend. However some stocks like Laurus, Divis, Aarti Drugs etc which were big wealth creators in the past bull run in pharma sector seem to be well below their All time highs.
Since we have a broad based overall bullish market, there will be sector rotation off and on, but its difficult to conclude that a fresh pharma bull run has begun. The large cap pharma companies do look good on charts. I am not invested in any pharma names as of now. Used to have a trading position in Natco pharma, but exited that too because I had a small allocation and did not scale up in Natco due to perceived opportunities elsewhere.
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