CosmicTaco
CosmicTaco

Indian Pharma Stocks Surge Amid Tariff Relief

  • Shares of Indian pharmaceutical companies with significant US exposure surged 3%-13% after Trump refrained from imposing specific tariffs on the sector.
  • Trump announced reciprocal tariffs on over 60 nations, but pharmaceuticals were excluded, providing relief to the sector.
  • Analysts suggest the exclusion may be temporary, but it has brought positive sentiment to the market.
  • India currently imposes a 10% tariff on US pharma imports, while the US imposes none on Indian imports.
  • Stocks like Gland Pharma, Aurobindo Pharma, Dr. Reddy's, and Sun Pharma are in focus due to their significant US market exposure.

Source: Mint, News 18, Moneycontrol

Post image
2mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across