From Nykaa to Cipla to 3i infotech — these are some of the themes the market is betting on amid a …

from nykaa to cipla to 3i infotech these are some of the themes the market is betting on amid a sell off

Sumary of From Nykaa to Cipla to 3i infotech — these are some of the themes the market is betting on amid a sell-off:

  • Most of the sector stocks including banks, automobile, FMCG, metals have fallen today on concerns over another lockdown if the new COVID variant wreaks havoc.
  • While the market trend is negative, investors are betting on companies that made money in the recent COVID crisis like pharma companies, diagnostic lab chains, technology service providers and so on.
  • It may not come as a surprise that pharmaceutical company stocks are trending today on hopes that another wave of COVID-19 may attract additional revenues to the companies selling drugs related to the virus.
  • Diagnostic lab chains% stock changeDr Lal PathLabs+7%Medinova Diagnostic Services+3.50%Thyrocare Technologies+0.70%Metropolis Healthcare+3.60%Technology solutions providing companies were another theme working out in the market as demand for digital transformation may deepen if another lockdown kicks in.
  • Technology solution provider/IT service management firm% stock changePalred Technologies+20%R Systems+12%Trejhara+10%3i Infotech+5%Goldstone Technologies+5%The Tata Group telecom services company Tata Teleservices (Maharashtra), which is a leading enabler of digital connectivity and cloud solutions to enterprises, also rallied.
  • The stock has already surged 1,200% in 2021.Broadband and telecommunication firm% stock changeTata Teleservices+5%Some of the recently listed initial public offerings (IPOs) were also bucking the market trend.

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