Nifty, Sensex and other Indices in Indian equity markets are at a lifetime high. So, are you scared to invest at the current level? If it is so, then don’t worry as I have screened out 5 top pharma stocks that you can invest in 2019.
You can invest in pharma stocks that are still underperforming and these stocks are likely to outperform in the near-term.
Although, markets have run up a lot and you may be worried about the valuation of stocks. So, I take a contra call on pharma sectors and believe that it will perform.
5 Top Pharma Stocks To Invest in India – 2019
I filter out and found 5 of the best pharma stocks that you can invest from today itself and you don’t need to wait for 2018. Here is the list and remember these stocks are for long-term bets and not for trading purposes.
Sun Pharma is one of the leading pharmaceutical company and market leader having a market cap of Rs. 1,09,145 Crore. Its P/E ratio is just over 44.
It has been the underperformer since last few years and also shows recovery in its financial statement.
Technically, Sun Pharma has started to move up and in a very short term, it may hit 600 levels. You can invest at the current level for a target of 950+ and keep a Stop Loss at 385.
It has strong resistance at 750 level and if you are a short-term investor, then book profit at this level. However, if it corrects then try to re-invest in it for the ultimate target of 950+.
|Sun Pharmaceutical Inds.||5.41||7.88||-24.71||-21.45||-16.74||-5.20||15.01|
Cipla is the third largest pharma company and one of the top pharma stocks with a market cap of over 41K Crore and its P/E ratio is just over 29.
It has strong resistance at 650 level and so you can book partial profit at around 650. However, I suggest you remain invested for a target of 750 while putting Stop Loss at 480 level.
DrReddy’s is yet another pharma company having a market cap of above 43K Crore and its P/E ratio is over 27. You can invest in DrReddy for a target of 4000+ and keep a Stop Loss at 1900.
If you are a short-term trader, then you can buy for a target of 2800. Once it manages to hold above 2800, then you can expect it to hit 3250 levels.
|Dr. Reddy’s Lab||0.02||0.97||1.68||6.01||-3.75||-0.21||19.31|
Granules India is one of the small-cap stocks having a market cap of over 2200 Crore and P/E ratio is over 13. Many veteran investors are investing in it as people believed it has the potential to become a multibagger stocks.
Currently, Granules India’s stock price is trading at 89 and its very short-term target is at 150. It has a strong and multiple resistance levels at 150 and is likely to break out in the upside.
If it goes beyond 150 and consolidates above this level, then it will skyrocket within a very short time. Just put a Stop Loss at 70 on a closing basis and hold the stocks without panic.
|NIFTY Smallcap 100||0.10||2.77||3.56||-30.91||8.82||13.86||15.10|
Jubilant Life Sciences
Around 11K Crore of market cap and P/E ratio 14, Jubilant Life Sciences has the potential to become a large-cap stock. It has consistently performed and it may continue its northward journey breaking its lifetime high too.
Currently, its stock price is 708 and it may hit 750 soon. So, put a Stop Loss at 560 and remain invested.
|Jubilant Life Sciences||0.13||-3.32||2.65||-12.25||27.88||40.50||17.63|
|NIFTY Midcap 100||-1.06||0.54||3.04||-16.96||12.30||17.73||17.55|
Published on: Jan 20, 2018