Pharma
Stocks Outlook for the week – 25 to 28.08.2014
( www.rupeedesk.in )
Stocks of major
pharmaceutical companies are seen moving up next week led by large
cap pharma stocks on
continuing positive momentum from the previous weeks. Large cap
pharma stocks such as
Sun Pharma, Cipla and Lupin along with mid cap stocks such as
Divi's Labs and Auro
Pharma will lead the pharma sector's rally.
There is a lack of
stock specific triggers, but most of the stocks in the pharma space are
seen gaining in the
range of 2-5% next week mainly due to a good upward momentum
in the broader
sector. We suggested that traders should see any dip as an opportunity to
buy in the sector and
that a trend reversal was highly unlikely for pharma stocks next
week.
