Pharma Stocks Outlook for the week – 04 to 08.05.2015
( www.rupeedesk.in )
Stocks
of major pharmaceutical companies are expected to show weakness in trading next
week due to continued negative momentum from the past few weeks. Negative
trading is expected to continue next week as currently there are no clear signs
of an up move in the immediate term.
Among
the companies reporting Jan-Mar earning the next week are multinational majors
Pfizer Ltd and GlaxoSmithKline Pharmaceuticals Ltd, which will report their
results on Tuesday and Friday, respectively.
For
India's largest drug maker Sun Pharmaceutical Industries Ltd. After Daiichi
Sankyo's share sale of Sun Pharma, we believe the price discount offers an
opportunity to make an entry in the company's shares. A weak market sentiment
and discount offered by Daiichi Sankyo has pulled the stock down by 21% from
its peak on April 7, 2015.
