PHARMA STOCKS OUTLOOK FOR THE WEEK – 15 TO 19.09.2014
( www.rupeedesk.in )
Stocks of pharmaceutical companies are expected to trade in a narrow range due to weak
momentum and also on cues from the broader markets, which too are seen rangebound.
The CNX Pharma is seen trading in a range of 9980-10600 because the broader market is
seen trading range-bound. There could be stock specific movement in some pharma
companies that have been positive during this week.
Divi's Laboratories, Lupin
and Cipla to outperform their peers in the sector because of a sustained positive
momentum. However, he added that shares of Sun Pharmaceutical Industries and Ranbaxy
Laboratories will be the underperforming stocks next week.
