Pharma Stock Outlook for the week – 31.08.2015 to 04.09.2015
(Mid
Cap seen more attractive than index stocks)
Midcap
pharmaceutical stocks such as Cadila Healthcare Ltd and Glenmark
Pharmaceuticals Ltd are seen more attractive next week, compared with their
blue-chip counterparts.
The
Nifty stocks of pharmaceutical companies--Sun Pharmaceutical Industries Ltd,
Cipla Ltd, Lupin Ltd and Dr Reddy's Laboratories Ltd are seen performing weaker
than the midcap stocks primarily due to the 50-stock index being in a
consolidation phase.
The
shares of Ahmedabad based Cadila Healthcare trading firm as they did not fall
much during the current week's bloodbath. Even as Glenmark Pharma's shares are
seen trading in a narrow range next week. Nifty pharmaceutical stocks are
expected to pull the sectoral indices down and Cipla is expected to be the
worst performer.
