Ajanta Pharma, Lupin to Sun Pharma: Why are pharma stocks falling despite Trump’s tariff exemption?

Ajanta Pharma, Gland Pharma, Lupin, Aurobindo Pharma, Sun Pharmaceutical Industries, Zydus Lifesciences, Divi’s Laboratories and Torrent Pharmaceuticals were among the top losers in the Nifty Pharma index, which shed over 1% during the session.