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Stocks of major pharmaceutical companies are seen trading with a negative bias next week, as some companies may declare lower-than-expected earnings for Oct-Dec. Unichem Laboratories Ltd posted worse-than-expected earnings, and several other pharmaceutical companies could also do so. Unichem's net profit and topline for Oct-Dec fell 13.5% and 11.5%, respectively, on a sequential basis. Cipla Ltd, Ipca Laboratories, Cadila Healthcare Ltd could show "negative surprises" in their quarterly earnings. Among the multi-national companies, Pfizer Ltd, GlaxoSmithKline Pharmaceuticals Ltd and a few others could also post lower-than-expected earnings. Domestic growth in the pharmaceuticals sector has been dismal in Oct-Dec, compared with the previous quarter, mainly on account of delay in drug approvals. Alembic Pharmaceuticals Ltd will declare its Oct-Dec earnings on Monday, Ajanta Pharma Ltd on Wednesday, Biocon Ltd on Thursday, and Nifty-50 company Sun Pharmaceuticals Ltd on Friday.
