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Fund managers make contrarian bets on pharma stocks
In May, when the sentiment towards the pharmaceutical sector had turned sour, several fund managers were seen taking contrarian bets, lapping up leading stocks in the space. Interestingly, no pharma stock - barring Lupin- could figure in the most sold off counters during May Fund managers have been eyeing pharma sector for quite a few quarters now. ICICI Prudential Mutual Fund and UTI Mutual Fund were among the most buying fund houses into Sun Pharma.
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