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Pharma Stocks Outlook For The Week - 12 To 16.11.2018

Pharma Stocks Outlook For The Week - 12 To 16.11.2018

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Stocks of pharmaceutical companies will remain in vogue next week as we expect further gains in these stocks following firm Jul-Sep earnings. Investors will also take cues from the September quarter earnings of Sun Pharmaceutical Industries, to be announced on Tuesday. The company's
commentary on price erosion and traction for its specialty drugs in the first six months of 2018-19 (Apr-Mar) will be key monitorables. This week, the Nifty Pharma index outperformed the benchmark indices aided by gains in shares of Sun Pharmaceutical. The index clocked with gains of 1% for the week, as against 0.3% rise in the Nifty 50. Cues from broader market are expected to support the sector next week as benchmark indices are seen rising aided by the continued fall in global crude oil prices.

Source : Cogencis Information Services Ltd.

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