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Pharma Stocks Outlook For The Week – 04 To 08.12.2017

Pharma Stocks Outlook For The Week – 04 To 08.12.2017

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Pharmaceuticals companies' stocks are expected to outperform the broader markets next week as investors are likely to use any weakness in these stocks to buy them. We have a buy-on dips strategy on pharmaceutical stocks right now. This week the Nifty Pharma index fell 3% as compared to a 2.6% fall in the benchmark Nifty 50 index. Any positive news flow from the US Food and Drug Administration is likely to lead to a sharp rise in these companies' shares. We are positive on stocks of Sun Pharmaceutical Industries, Lupin and Glenmark Pharmaceuticals as they believe selling in these stocks is overdone. An update on re-inspection of Sun Pharmaceutical's Halol, Gujarat unit by
the US Food and Drug Administration will be a positive trigger for the stock. Dr Reddy's shares may also gain since, after market hours yesterday, the company said its Miyapur unit in Hyderabad, Telangana has received an establishment inspection report from the US Food and Drug Administration. Stocks of Divi's Laboratories, Cadila Healthcare and Cipla are expected to remain within a narrow range next week.

Source : Cogencis Information Services Ltd.

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