Pharma Stocks
Outlook for the week – 03 to 07.11.2014
( www.rupeedesk.in )
Stocks of major pharmaceutical
companies are expected to trade in a sideways-to-positive
manner next week. There is good
positive momentum in the pharma space, which is likely to
continue, but the market
participation is more in high-beta stocks which could subdue the
upward momentum in pharma stocks.
The Street will eye some key
earnings to be detailed next week. Astrazeneca Pharma India Ltd
and Wockhardt Ltd will detail
Jul-Sep earnings on Monday, while Torrent Pharmaceuticals Ltd
will post its earnings on
Wednesday. Aurobindo Pharma Ltd and Wyeth Ltd will report their
earnings on Thursday, and
Bengaluru-based Strides Arcolab Ltd will report its Jul-Sep earnings on Friday.
