GOLDEN RULES FOR TRADING

Pharma Stocks Outlook for the week – 22 to 26.02.2016 Seen trading with a positive bias next week

Pharma Stocks Outlook for the week – 22 to 26.02.2016

Stocks of pharmaceutical companies are seen trading with a positive bias
next week, as the broader market is likely to be firm in the run up to the
Union Budget for 2016-17 (Apr-Mar), to be presented on Feb 29.

Though there were some disappointments, earnings of pharma companies
for Oct-Dec have been better than expected, which has improved
investors sentiment. There were more ups than downs, in its review on
Q3 Earnings performance of pharma companies.

Weakening of the rupee against the dollar is also seen supporting pharma
stocks, as exports form a major portion of sales of most companies.
Pharma stocks have been under pressure over last three months due to
regulatory issues and overall weakness in global equity markets. Hence,
bargain hunting is expected in the coming days.