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Stock-specific movement is likely next week in shares of frontline pharmaceutical companies, with the overall sector movement seen positive. There is no movement in the pharma sector as such, but stock-specific movement is expected. Stocks of Cadila Healthcare Ltd, which closed 8.7% up yesterday against close Feb 21, are expected to continue their momentum and are among the outperforming pharmaceutical stocks next week.
Pharma stocks such as Dr Reddy's Laboratories Ltd, and Sun Pharmaceutical Industries Ltd will continue their positive performance in the coming week. GlaxoSmithKline Pharma Ltd's stocks might show one final upward push before the company's parent's open offer to buy 20.61 mln shares of the company at 3,100 rupees apiece. Hyderabad-based Aurobindo Pharma Ltd's shares, which rose 7.2% during the week.
Stock-specific movement is likely next week in shares of frontline pharmaceutical companies, with the overall sector movement seen positive. There is no movement in the pharma sector as such, but stock-specific movement is expected. Stocks of Cadila Healthcare Ltd, which closed 8.7% up yesterday against close Feb 21, are expected to continue their momentum and are among the outperforming pharmaceutical stocks next week.
Pharma stocks such as Dr Reddy's Laboratories Ltd, and Sun Pharmaceutical Industries Ltd will continue their positive performance in the coming week. GlaxoSmithKline Pharma Ltd's stocks might show one final upward push before the company's parent's open offer to buy 20.61 mln shares of the company at 3,100 rupees apiece. Hyderabad-based Aurobindo Pharma Ltd's shares, which rose 7.2% during the week.
