Pharma Stocks Outlook For The Week – 15 to 19.01.2018

Pharma Stocks Outlook For The Week – 15 to 19.01.2018

             Equity Cash/Futures/Options Segment 

The shares of pharmaceutical companies are likely to gain next week due to hope of a moderate recovery in Oct-Dec earnings of these companies and softening pessimism towards the sector. Pharmaceutical companies have underperformed benchmark indices over the past year as investors were over low sales in the US following a rise in price erosion. However, in recent weeks, investors and companies have underlined likely softening of price erosion in the US, which is underpinning the positive sentiment for the sector. We are bullish on pharmaceutical companies they may outperform. We see shares of Aurobindo Pharma outperforming their peers next week as the stock has been moving in a tight range in recent weeks and may move above 710 rupees. Shares of Strides Shasun and Dr Reddy's Laboratories are also expected to outperform the broader market next week.

Source : Cogencis Information Services Ltd.

              Free Stock Options :Register To Get 2 days Trial Tips
 Free Intraday Tips : Join Our Whatsapp No : 9841986753
  Free Commodity Tips : Join our Whatsapp No : 9094047040