Warren Buffet has bought has bought 18.9 million shares in Teva, world’s largest generic pharma company, which works out to be ~2% stake valued at $365.3mn. Indian pharma sector, which is a global generic powerhouse with Sun Pharma, Lupin, Cipla, Dr. Reddy's, etc.
The sector is likely to remain in highlight as these companies too have seen decline in their share price and this news can lift up the spirit of the shareholders. Warren Buffet is well known for his investment principles and his method of intrinsic value investing.