Hospitals are very capital intensive: Ajay Bagga

In a chat with ET Now, Ajay Bagga, Market Expert, shares his views on pharma stocks. Excerpts:

ET Now: Your take on pharma stocks?

Ajay Bagga: We have pretty much global size players emerging in broader pharma story. I would say that top four-five pharma counters would give multiple year returns. Hospitals are very capital intensive. We have some well run companies in this pocket but it is too small a sector to really focus on and so very difficult to give a call.