Pharma Stocks Outlook For The Week - 21 To 25.01.2019
Shares of pharmaceutical companies are likely to remain weak next week, weighed down by corporate governance issues at industry leader Sun Pharmaceutical Industries. Allegations of corporate malpractice at Sun Pharma may dampen valuations of the entire industry. This week, stocks of pharmaceutical companies underperformed the broader market. The Nifty Pharma index fell 2.4% during the week, while the Nifty 50 rose 1%. Cues from the broader market, however, are likely to limit losses in the sector, as benchmark indices are likely to see moderate gains due to optimism over US-China trade talks and strong corporate earnings for the December quarter.
Source : Cogencis Information Services Ltd.
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Shares of pharmaceutical companies are likely to remain weak next week, weighed down by corporate governance issues at industry leader Sun Pharmaceutical Industries. Allegations of corporate malpractice at Sun Pharma may dampen valuations of the entire industry. This week, stocks of pharmaceutical companies underperformed the broader market. The Nifty Pharma index fell 2.4% during the week, while the Nifty 50 rose 1%. Cues from the broader market, however, are likely to limit losses in the sector, as benchmark indices are likely to see moderate gains due to optimism over US-China trade talks and strong corporate earnings for the December quarter.
Source : Cogencis Information Services Ltd.
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