Pharma Stocks Outlook For The Week - 18.06.2018 To 22.06.2018
Stocks of pharmaceutical companies are seen continuing their stellar gaining streak next week due to likely buying by domestic mutual funds and foreign institutional investors. Pharmaceutical companies' shares were the flavour of the week, as investors believe that the sector may see a turnaround in earnings growth ahead after witnessing weakness in recent years. This week the Nifty Pharma index rose 8.3%, sharply outperforming the Nifty 50 index, which rose 0.5%.
Source : Cogencis Information Services Ltd.
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Stocks of pharmaceutical companies are seen continuing their stellar gaining streak next week due to likely buying by domestic mutual funds and foreign institutional investors. Pharmaceutical companies' shares were the flavour of the week, as investors believe that the sector may see a turnaround in earnings growth ahead after witnessing weakness in recent years. This week the Nifty Pharma index rose 8.3%, sharply outperforming the Nifty 50 index, which rose 0.5%.
Source : Cogencis Information Services Ltd.
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