Pharma Stocks Outlook for the week – 22 to 26.06.2015
(Seen
continuing their recovery next week)
( www.rupeedesk.in )
Stocks
of major pharmaceutical companies are seen continuing their recovery next week,
but are seen down in the medium term. Shares of pharma companies were negative
some weeks back, and have been retracing. Today they gave a good close, and the
retracement might continue next week, but in the medium term there is a
negative view on the sector.
The
Street would also eye the shares of Dr Reddy's Laboratories Ltd, which
yesterday announced the launch of its over-the-counter hair growth supplement
HAIROOTS in India. The company made the announcement post-market hours
yesterday.
