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Pharma Stocks Outlook For The Week - 21 To 25.05.2018

Pharma Stocks Outlook For The Week - 21 To 25.05.2018

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             Equity Cash/Futures/Options Segment 

The earnings of industry heavyweights such as Cipla and Dr Reddy's Laboratories to be reported on Tuesday will determine the direction pharmaceutical companies take next week. The earnings heavy week will lead to stock-specific action by investors who await earnings from Cipla, Dr Reddy's Laboratories and Sun Pharmaceutical Industries next week. Will not want to venture into the pharmaceutical stocks at this moment. There is inherent weakness in the sector which could get
aggravated going ahead. Cues from the broader market also may not be supportive for the sector's
stocks as benchmark indices are likely to remain subdued next week as investors stay on the sidelines in the face of rising macroeconomic concerns.

Source : Cogencis Information Services Ltd.

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