Sun Pharma, Cipla best bet among pharma stocks: Sajiv Dhawan

In a chat with ET Now, Sajiv Dhawan, MD JV Capital Services, shares his views on pharma sector.

ET Now: What is your call on the pharma sector?

Sajiv Dhawan: The safest one would probably be Sun Pharma but again this is not a sector that we are already bullish on from time to time because of the fact there is so much fluid news flow which can be positive or negative as we have clearly seen. Most of the times these stocks will trade in a range. When the markets are bad they will lose interest, there might be some so called defensive buying but it is not a sector that would outperform even in the next year or so.

So, if we are looking to accumulate the best ones would probably be Sun Pharma or Cipla and that is about it. If we are going to bit more aggressive then you could look at Strides Arcolab that has had a pretty decent run up. It seems some savvy investors invested in that stock. It was a stock we liked may be last year and even the current market turmoil that stock has not fair too badly.