Pharma Stocks
Outlook for the week – 19 to 23.01.2015
( www.rupeedesk.in )
In the absence of a sectoral
trigger, the Street expects company-specific movement in stocks of
frontline pharmaceutical firms.
Stocks would be tracked on the basis of company-specific news.
There is no specific reason that
may lead to any sectoral movement in the pharma space in the
upcoming week.
Pharma stocks would be
range-bound for a day or two, but most of them would more-or-less
trade positively throughout the
week.
It expected stocks of
pharmaceutical companies to consolidate. There could be fresh buys of Dr
Reddy's Laboratories Ltd and
Biocon Ltd in the following week. There is a good risk-reward ratio associated with these two
stocks.
