Pharma Stocks Outlook for the week – 27 to 30.04.2015
Stocks
of major pharmaceutical companies are seen losing next week due to profit
booking after having risen during the last few months. There is an anticipation
of profit booking in pharma space in the next week. This week also if you saw,
the stocks were down after months of rising.
Vadodara-based
Alembic Pharmaceuticals Ltd and Bengaluru-based Biocon Ltd will report their Jan-Mar
results on Monday and Wednesday respectively. While the Street expects Alembic
Pharma to post a 12% on-year rise in its net profit for the reporting quarter
at 687 mln rupees, it sees
Biocon's
consolidated net profit after tax for the three-month period falling 17% to 940
mln rupees.
Despite
currency depreciation in emerging markets seen impacting Jan-Mar Earnings.
