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Stocks of major pharmaceutical companies are likely to consolidate next week after trading at high valuations throughout this week. Stocks of Cadila Healthcare, Cipla and Ranbaxy Laboratories are seen consolidating next week after substantial gains this week. However, stocks which underperformed this week such as Dr Reddy's Laboratories, Pfizer and GlaxoSmithKline Pharma will see some traction next week. As no company is reporting their quarterly earnings next week, no stock- specific movement is likely in the pharma space. However, there could be some movement in Sun Pharmaceuticals Industries in anticipation of comparatively better earnings this quarter.
