
Pharma scrips fall on Trump tariff threat
NEW DELHI: Pharma stocks fell up to 4% on Tuesday after US President Donald Trump said there could be potential tariffs on the sector soon. Granules India and Lupin were top losers, dropping nearly 4% each. Laurus Labs and Aurobindo followed, plunging 3% each, while Natco fell by over 3% on BSE. Sun Pharma and Dr Reddy’s fell 2% each. Several domestic companies get significant revenue from the US, ranging 30-40% in certain cases.The Nifty Pharma index lost nearly 2% to close at 21,623 and emerged as top sectoral loser. Media reports say Trump, on board Air Force One, said tariffs on pharmaceutical imports are coming “very soon”.