Hi Shweta, I am still struggling to understand as to what Mr. Nilesh told you (in what context) and what sector you are chasing for investment. There is no such specific so called CM sector. So need more clarity as to what is that you are exactly expecting and how do you think that only CMs will fulfil your investment goals.
As regards to Pharma, the call is yours !! However, from my experience, the way COVID things are panning out all over the world, investors should ride with tide. Today the tide is in favour of Food, Pharma and Speciality chemicals (all thanks to China). This theme in India should continue for next few years or more as China is proving to be risky to many in the world.
What matters for investment is, selecting rock solid high quality companies within these sectors. Btw; don’t fall in love with a particular sector. When the tide settles, exit the sector !!