GOLDEN RULES FOR TRADING

Pharma Stocks Outlook for the week – 22 to 26.06.2015 (Seen continuing their recovery next week)

Pharma Stocks Outlook for the week – 22 to 26.06.2015
(Seen continuing their recovery next week)

Stocks of major pharmaceutical companies are seen continuing their recovery next week, but are seen down in the medium term. Shares of pharma companies were negative some weeks back, and have been retracing. Today they gave a good close, and the retracement might continue next week, but in the medium term there is a negative view on the sector.

The Street would also eye the shares of Dr Reddy's Laboratories Ltd, which yesterday announced the launch of its over-the-counter hair growth supplement HAIROOTS in India. The company made the announcement post-market hours yesterday.