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Pharma has quietly become one of the strongest-performing sectors over the last 3 months .
Nifty Pharma: +15% vs Nifty +0.5%
Real story is in small-cap pharma, where 27 stocks have delivered more than 2x the returns of the Pharma Index.
🚀 IOL, Bliss GVS & Unichem have surged ~100%.
- Generic exporters are leading the rally, while CDMO, domestic formulations, hospitals and MNC pharma names have largely lagged.
💊 Among large caps, Laurus (+38%), Zydus (+26%) & Mankind (+22%) have stood out.
Sector leadership can often be driven by pockets of the market that receive the least attention .
Source 👉DAM Capital
