GOLDEN RULES FOR TRADING

Pharma Stocks Outlook for the week – 27 to 30.04.2015

Pharma Stocks Outlook for the week – 27 to 30.04.2015

Stocks of major pharmaceutical companies are seen losing next week due to profit booking after having risen during the last few months. There is an anticipation of profit booking in pharma space in the next week. This week also if you saw, the stocks were down after months of rising.

Vadodara-based Alembic Pharmaceuticals Ltd and Bengaluru-based Biocon Ltd will report their Jan-Mar results on Monday and Wednesday respectively. While the Street expects Alembic Pharma to post a 12% on-year rise in its net profit for the reporting quarter at 687 mln rupees, it sees

Biocon's consolidated net profit after tax for the three-month period falling 17% to 940 mln rupees.

Despite currency depreciation in emerging markets seen impacting Jan-Mar Earnings.