Pharma Stocks Outlook for the week - 18 to 22.05.2015
(Stocks
specific triggers in pharma stocks)
( www.rupeedesk.in )
Stocks
of major pharmaceutical companies are seen trading based on specific triggers
in the absence of sectoral cues, with the Street expecting trade in stocks of
GlaxoSmithKline Pharmaceuticals Ltd, Aarti Drugs Ltd, and JB Chemicals &
Pharmaceuticals Ltd depending on their Jan-Mar results.
GSK
Pharma will report its earnings for the March quarter on Monday, while Aarti
Drugs and JB Chemicals will report their financial earnings for the quarter on
Wednesday. GSK Pharma Ltd's net profit is seen rising 10% on year to 1.07 bln
rupees for the quarter ended
March.
The pharma company's net sales are likely to increase 8% on year to 6.46 bln
rupees during the quarter.
We
expect muted sales growth YoY (in Jan-Mar) on low base. As per (market research
firm)
AIOCD, the company's sales growth has
underperformed India Pharma market. Shares of some large companies, which
reported their results during the week ended yesterday, are also expected to
see some corrections based on the results.