Pharma
Stocks Outlook for the week – 14 to 18.09.2015
(Weak buying in large caps to pull sector down)
( www.rupeedesk.in )
Lack
of buying in blue-chip pharmaceutical stocks such as Sun Pharmaceutical
Industries Ltd, Cipla Ltd and Lupin Ltd is expected to extend to the entire
sector with stocks of most frontline drug makers seen down next Week.
Most
pharmaceutical shares have traded cyclically over the past few weeks and have
traded
negatively
during the last week, a trend expected to continue during the next week as
well. The large cap stocks of Lupin and Sun Pharmaceuticals are expected to
seen negative bias.
Stocks
of Dr Reddy's rose during last week's trade after news of the company entering
into a
licensing
agreement with US-based PanTheryx Inc to exclusively market and distribute pediatric
product, 'DiaResQ', in India and Nepal came in.