www.rupeedesk.in
Stocks of major pharmaceutical companies are likely to gain next week as investors will
remain cautious ahead of the outcome of generation elections. Market players will bet
safely as market is likely to be highly volatile next week and stocks like pharma and
FMCG (fast moving consumer goods) will trade up as they are defensive in nature.
Stocks of defensive sectors like pharma and FMCG tend to gain at a time when the broad
market loses.
However, stocks of Ranbaxy Laboratories are seen losing next week as the company,
before its acquisition by Sun Pharmaceuticals Industries, posted a loss of 736.5 mln
rupees in Jan-Mar. The company had reported a 1.3-bln-rupee profit in the corresponding
quarter a year ago.
Sun Pharmaceuticals also recalled over 400,000 bottles of anti-depressant and antiallergy
drugs in the US for failing to meet specifications, which is again seen to be a big
deterrent for the company.
Movement in the pharmaceutical pack would also be earnings-based as Orchid Chemical,
Dr Reddy's Laboratories and Cadila Healthcare declare their quarterly earnings next
week.
Stocks of major pharmaceutical companies are likely to gain next week as investors will
remain cautious ahead of the outcome of generation elections. Market players will bet
safely as market is likely to be highly volatile next week and stocks like pharma and
FMCG (fast moving consumer goods) will trade up as they are defensive in nature.
Stocks of defensive sectors like pharma and FMCG tend to gain at a time when the broad
market loses.
However, stocks of Ranbaxy Laboratories are seen losing next week as the company,
before its acquisition by Sun Pharmaceuticals Industries, posted a loss of 736.5 mln
rupees in Jan-Mar. The company had reported a 1.3-bln-rupee profit in the corresponding
quarter a year ago.
Sun Pharmaceuticals also recalled over 400,000 bottles of anti-depressant and antiallergy
drugs in the US for failing to meet specifications, which is again seen to be a big
deterrent for the company.
Movement in the pharmaceutical pack would also be earnings-based as Orchid Chemical,
Dr Reddy's Laboratories and Cadila Healthcare declare their quarterly earnings next
week.
