Pharma Stocks Outlook for the week – 10 to 14.08.2015
(Seen
to trade Positive consolidation )
Stock
of Sun Pharmaceutical Industries Ltd are expected to be tracked closely next
week by the
Street,
as the company will report its Apr-June earnings on Tuesday. The company, which
is India's largest drug maker, will also be in focus with its arm Taro
reporting a 65.3% on-year increase in total revenues.
Recently,
Sun Pharma's stock had taken a beating after the company announced that its
revenues for the ongoing financial year could be lower than last year's due to
expenses incurred on account of Halol unit remediation and integration with
Ranbaxy.
We
are expected stocks of Dr Reddy's Laboratories Ltd to continue outperforming
its peers, even
more
so after reporting a good set of Apr-Jun numbers last week. Another
Hyderabad-based company Divi's Laboratories Ltd will also be watched based on
its Apr- Jun earnings that it will report Apr-Jun earnings on Saturday.
