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ITC, Sun Pharma: 5 defensive stocks that may gain up to 25%. You own any?

Pharma stocks like Torrent Pharmaceuticals, Sun Pharmaceutical Industries, and Cipla can easily run up to 18 per cent

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Defensive stocks

Avdhut Bagkar Mumbai
Over the last eight months, the Indian equity markets have plunged close to 18 per cent amid relentless sell-off by FPIs, Ukriane war, inflation fears, and commodity-led inflation. Benchmark indices, BSE Sensex and Nifty50, have breached crucial support of 200-day moving average (DMA), highlighting higher uncertainty.

While investors remain indecisive about the road ahead, the current atmosphere is prompting them to move towards safer, defensive stocks to safeguard their portfolios.

Here's a look at 5 suchdefensive stocks that can defend your portfolio:

Torrent Pharmaceuticals Ltd (TORNTPHARM)
Likely target: Rs 3,350 (after crossing Rs 2,900)
Upside potential: 15%

Even though the stock trades 11 per

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First Published: Jun 30 2022 | 12:18 PM IST

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