Nifty Pharma is an index on the National Stock Exchange (NSE) of India that reflects the performance of the pharmaceutical sector. It was launched on July 1, 2005, and is managed by NSE.
The index is made up of 20 leading pharmaceutical companies, and the stocks are selected using market capitalization, liquidity, and sectoral fit. In this article, we will cover everything you need to know about these stocks.
Top Pharma Stocks in India
As of March 2024, the Nifty Pharma share price is trading at around 18,650, and experts believe it could do even better in the future. Now, let’s focus on getting to know some of the top Nifty pharma companies.
1. Sun Pharmaceutical Ltd
Sun Pharmaceutical Industries Ltd. started back in 1983 and has grown to become a big name in making special types of generic medicines.
This company, based in Mumbai, focuses on three main areas: making well-known medicines, special generic drugs, and active ingredients used in medicines (like Modalert for sleep issues, Glocip for diabetes, and Doxicip for infections).
- Share Price as of March 2024: ₹ 1,550+
- Market Cap: Around ₹ 3.72 trillion
2. Cipla Ltd
Cipla Ltd was started back in 1935 by Dr. K.A. Hamied. It’s a big company based in Mumbai, India, known for making medicines.
Some of their well-known brands are Asthalin, Cipcal, Cifran, and Erythromycin. Apart from medicines, they also make nutritional supplements and herbal products, showing they care about different healthcare needs.
- Share Price as of March 2024: ₹ 1,480+
- Market Cap: Around ₹ 1.20 trillion
3. Dr Reddy’s Laboratories Ltd
Dr. Reddy’s Laboratories Ltd started back in 1984 and is based in Hyderabad, India.
Some of the medicines offered by the brand are for diabetes, cancer, heart problems, stomach issues, and skin problems. Some popular brands they have are Omez, Ciprocin, and Revital.
- Share Price as of March 2024: ₹ 6,280+
- Market Cap: Around ₹ 1.05 trillion
4. Torrent Pharmaceuticals Ltd
Torrent Pharmaceuticals Ltd started its journey in 1959 and has become a big name in India’s healthcare sector.
They are known for making medicines for heart problems, infections, diabetes, and inflammation. Some of their popular brands are Cadila, Torleva, Torlip, and Torleva XR.
- Share Price as of March 2024: ₹ 2,590+
- Market Cap: Around ₹ 878.10 billion
5. Gland Pharma Ltd
Gland Pharma Ltd started in 1978 and is based in Hyderabad, India. The company is known for making good-quality injectable products at reasonable prices.
Some of their popular brands are Cephalosporin, Penicillin, and Amikacin, which are commonly used in hospitals. They also make other injectables like Cefazolin, Cefuroxime, and Amikacin under different names.
- Share Price as of March 2024: ₹ 1,780+
- Market Cap: Around ₹ 293.10 billion
Conclusion
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