Business Standard

Back in biz: Equity investors turn aggressive on red-hot defensive stocks

Most of the rise in the defensive sector weightage in the index has so far been led by pharmaceutical manufacturers but FMCG and IT Services companies out-perform the broader market in July

Equity investors
Premium

Krishna Kant Mumbai

Listen to This Article

After underperforming in the broader market for two years, the stocks in the defensive sectors — FMCG, IT Services and pharmaceuticals — are once again finding favour among investors. The combined weight of these three defensive sectors have now increased 27.6 per cent from the four-year low of 27.1 per cent in December 2023.
 
The surge has been led by pharmaceutical manufacturers but FMCG and IT services companies out-perform the broader market in July.

Top pharma companies such as Sun Pharmaceuticals, Cipla and Divi's Laboratories have, however, been among the top performing index stocks on a year-to-date

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in