Pharma Stocks Outlook For The Week – 05 to 09.02.2018

Pharma Stocks Outlook For The Week – 05 to 09.02.2018

             Equity Cash/Futures/Options Segment 

 Earnings for the December quarter of Lupin and Cipla scheduled to be reported next week, will lend direction to shares of pharmaceutical companies. However, institutional investors who seek to minimise losses in their portfolio because of weakness in the market may buy shares of these companies due to their attractive valuations. Shares of pharmaceutical companies underperformed the benchmark indices this week as weak earnings of Dr Reddy's Laboratories, announced last week. The broader market is expected to decline further after falling nearly 3% this week as investors continue to sell shares in the aftermath of the re-introduction of long-term capital gains tax in the Budget.

Source : Cogencis Information Services Ltd.

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