3 low-beta midcap pharma stocks fall up to 61% in last 1 year

Beta is a measure of the sensitivity of the stock’s price relative to the benchmark index or the overall market. The market beta is 1 and in case the stock has a beta value of 0.3, this implies that the stock is just 30% volatile when compared to the overall market or index.

So, using the StockEdge’s data, here are 4 low beta, low return stocks from the midcap pharma space

​Beta: 0.03| Last close as on June 21: Rs 1433| Change %: 0.1%| % performance in the last 1 year: -5%

​Beta: 0.08| Last close as on June 21: Rs 1006.35| Change %: -1.5%| % performance in the last 1 year: -61%

​Beta: 0.27 | Last close as on June 21: Rs 737.25| Change %: 0.8%| % performance in the last 1 year: -18%