Pharma Stocks: As you know, Nifty has gone almost 30% down from its peak level. However, there is one sector that is outperforming the entire Nifty. The sector is the Pharmaceutical sector. Since the outbreak of the COVID-19, the world economy is on the verge of collapse. As the death rate increases, officials struggle hard to find a cure.
Though this a dark patch in world history, the Pharma sector is surely making the most of it. In the wake of the chaos caused by the pandemic, people’s reliance on pharmacy and drugs has subsequently increased. The Nifty index of the Pharma sector has outperformed the entire Nifty Index. Talking about the pandemic, there are 5 companies that are currently working on a potential COVID-19 vaccine.
The current global scenario is a harsh one. People have lost their jobs after a hard struggle whereas some people sick while several of them have died. But we still need to find a way to come out of this and on the top too. So for you as an investor, you’re still looking for an opportunity that will help you come out of this stronger.
Here is a list of 5 pharmaceutical companies whose stocks will skyrocket in the coming days:
Top 5 Pharma Stocks To Buy
A lot of companies are working on a war basis to find a cure for the Novel Coronavirus. Its a race to the finish. Therefore, it will be interesting to see who comes out with the first vaccine that will allow people to be free once again. So we’ve compiled the top 5 pharmaceutical companies whose stocks you should buy in order to revive your financial condition.
1) Novavax (NVAX)
The company is currently out there finding a vaccine and are currently in stage 2 of their trial. Currently, Novavax is trading at around $52 per share. The company has gone from $21 per share to $52 per share in just over a month
At the start of April 2020, CODX was trading at about $13 a share. But as of today’s market, it is trading at $18 per share.
3) Inovio Pharmaceuticals (INO)
Currently, INO is trading at $14 per share. This is likely to go up to $100 per share in the coming months
4) Moderna (MRNA)
As of 26/05/2020, MRNA is trading at $65 per share. Judging by this, it can easily rocket to $200 per share by the end of June 2020
5) Gilead Sciences (GILD)
Out of the above 4, GILD is trading the highest at a rate of $72 per share. So if you want to start, GILD is your best stock to buy
The company that comes out with the first vaccine is going to explode in terms of stocks and revenue. Of the above-mentioned companies, their products are currently through stage 1, stage 2 whereas some have already entered stage 3. So we suggest you keep an eye out for them. Do your own research before you decide to invest in any particular company.