Pharma Stocks Outlook For The Week - 05 To 09.11.2018
Shares of pharmaceutical companies are likely to gain next week as upbeat commentary on US
operations by Dr Reddy's Laboratories and Lupin will keep sentiment positive. Earnings of Cipla and
Sun Pharmaceutical Industries' arm Taro Pharmaceutical Industries will also lend cues. We expect that November could be a good month for shares of pharmaceutical companies as investors become increasingly convinced of a turnaround in earnings in 2019-20 (Apr-Mar). This week, the Nifty Pharma index surged 4.8%, aided by strong corporate earnings by some drug makers. However, the index still underperformed the Nifty 50, which rose 5.2% during the week. Cues from broader markets are unlikely to aid the sector as a truncated week of trading may see investors holding back on initiating fresh positions.
Source : Cogencis Information Services Ltd.
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Shares of pharmaceutical companies are likely to gain next week as upbeat commentary on US
operations by Dr Reddy's Laboratories and Lupin will keep sentiment positive. Earnings of Cipla and
Sun Pharmaceutical Industries' arm Taro Pharmaceutical Industries will also lend cues. We expect that November could be a good month for shares of pharmaceutical companies as investors become increasingly convinced of a turnaround in earnings in 2019-20 (Apr-Mar). This week, the Nifty Pharma index surged 4.8%, aided by strong corporate earnings by some drug makers. However, the index still underperformed the Nifty 50, which rose 5.2% during the week. Cues from broader markets are unlikely to aid the sector as a truncated week of trading may see investors holding back on initiating fresh positions.
Source : Cogencis Information Services Ltd.
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