Pharma Stocks Outlook For The Week - 30.07.2018 To 03.08.2018
Stocks of pharmaceutical companies are likely to rise next week as traders rolled over long positions
to the August derivative series indicating that they see more gains in the sector. Pharma sector
should be the flavor of this derivative series. Traders are getting excited over the prospects in the sector and we expect the sector to give 8-10% return in the next two months. However, this week the Nifty Pharma index underperformed the benchmark Nifty 50 index. The Nifty Pharma index rose 1.6% this week as against gains of 2.4% in the Nifty 50 index. Cues from the broader market are also expected to be supportive for the sector with the benchmark indices pegged to sustain their positive momentum next week.
Source : Cogencis Information Services Ltd.
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Stocks of pharmaceutical companies are likely to rise next week as traders rolled over long positions
to the August derivative series indicating that they see more gains in the sector. Pharma sector
should be the flavor of this derivative series. Traders are getting excited over the prospects in the sector and we expect the sector to give 8-10% return in the next two months. However, this week the Nifty Pharma index underperformed the benchmark Nifty 50 index. The Nifty Pharma index rose 1.6% this week as against gains of 2.4% in the Nifty 50 index. Cues from the broader market are also expected to be supportive for the sector with the benchmark indices pegged to sustain their positive momentum next week.
Source : Cogencis Information Services Ltd.
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