Stocks to Buy: Siddharth Sedani picks 4 pharma stocks bumper returns

Stocks to buy: Zee Business panellist Siddharth Sedani today recommended four pharma stocks for viewers that can yield high returns. In a special segment ‘SID Ki SIP’ aired today with Managing Editor Anil Singhvi, he said that the pharma sector will benefit from an 11 per cent fall in the rupee as they have a higher export rate. Further, he said that globally there has been a double-digit volume growth and domestic business is also on the path of growth. 

According to Sedani, in Europe, the Active Pharmaceutical Ingredient (API) has slowed down which is also beneficial for Indian pharma companies. Giving another significant data Sedani said that India has a population of 27 crore people in the age group of 50 and above for whom branded formulation drugs are a necessity.