Indian pharmaceutical companies will benefit from the domestic opportunity as well as from increased spending on healthcare in the United States, according to Sindhu Sameer of Emkay Global Financial Services.
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The opportunity for Indian pharma is two-pronged, it’s both India and America. If America is spending a disproportionate share of its GDP on pharma, that opportunity is thrown open for everyone. Indian pharma has always focused on America. We are the front-runners.Sindhu Sameer, Co-Head, Equity Sales, Emkay Global Financial Services
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On FY19 Earnings Growth:
- FY19 earnings growth will not be around 12-13%. It will be more around 9 percent, which will not be disappointing
- Expect good earnings from some companies in the coming quarters
On IT Sector:
- Can have a mix of both large-cap and mid-cap stocks
- Earnings from mid-cap IT companies have not disappointed
- Mid-cap IT offered far better growth 1.5-2 years back
On Indian pharma:
- Indian pharmaceutical companies have a big opportunity in the U.S.
- Opportunities for Indian pharmaceutical companies is twin-pronged
- Indian pharmaceutical companies to benefit if the U.S. expands healthcare spending
Watch the full interview here.