Pharma Stocks Outlook For The Week – 26 To 29.12.2017

Pharma Stocks Outlook For The Week – 26 To 29.12.2017

             Equity Cash/Futures/Options Segment 

Stocks of pharmaceutical companies are expected to extend their gains next week, as domestic institutional investors continue to buy these stocks on account of their cheap valuations. We were
positive on the sector next week, and see the Nifty Pharma index rising towards 9900 points over the next few weeks. Limelight will be on the pharma space next week. Stocks of pharmaceutical companies were among the best performers this month, as investors increasingly turn confident about a turnaround in the earnings of these companies in 2018, following earnings downgrades over the past two years. The cheap valuations in the sector have driven interest in these stocks, as investors rebalance their portfolios ahead of 2018. Shares of Sun Pharmaceutical Industries are expected to lead the gains in the sector next week, as technically we may see further rise in the stock. Aurobindo Pharma's shares are also expected to see buying by investors. Investors should look beyond large-cap pharmaceutical companies and focus on mid-cap companies such as Laurus Labs and Strides Shasun.

Source : Cogencis Information Services Ltd.

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