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Stocks of major pharmaceutical companies are likely to trade flat-to-negative next week after participating in the broader market's weak movement yesterday. Despite being a defensive sector, various pharma stocks traded negatively or nearly flat today with the broader market trading flat too.
This trend is likely to continue next week, and we may not see the stocks rising. The Street will also watch out for companies posting their Oct-Dec earnings next week and companies posting good set of numbers are likely to have their stocks gaining. Other pharmaceutical companies that will report their Oct-Dec earnings next week are Ajanta Pharma Ltd, Indoco Remedies Ltd, Aarti Drugs Ltd and Merck Ltd. For Ranbaxy Laboratories Ltd, which received an import alert from US Food and Drug Administration for its Toansa plant yesterday
Stocks of major pharmaceutical companies are likely to trade flat-to-negative next week after participating in the broader market's weak movement yesterday. Despite being a defensive sector, various pharma stocks traded negatively or nearly flat today with the broader market trading flat too.
This trend is likely to continue next week, and we may not see the stocks rising. The Street will also watch out for companies posting their Oct-Dec earnings next week and companies posting good set of numbers are likely to have their stocks gaining. Other pharmaceutical companies that will report their Oct-Dec earnings next week are Ajanta Pharma Ltd, Indoco Remedies Ltd, Aarti Drugs Ltd and Merck Ltd. For Ranbaxy Laboratories Ltd, which received an import alert from US Food and Drug Administration for its Toansa plant yesterday
