Pharma Stocks Outlook For The Week: 26.02.2018 to 01.03.2018
Stocks of pharmaceutical companies are likely to consolidate at current levels next week due to lack of triggers and as recent regulatory issues at Sun Pharmaceutical Industries, Aurobindo Pharma and Biocon have mostly been priced in. This week, the Nifty Pharma index ended with losses of 0.9%, as compared with gains of 0.4% in the Nifty 50 index. For the year so far, the Nifty Pharma index is down 5.45%. of Sun Pharmaceutical will be in focus await more clarity from the management negative observation issued by the US Food and Drug Administration on the company's Halol, Gujarat unit. In the broader market, benchmark indices are expected to move in a narrow range,
as concerns over inflation, at home and globally, may keep investors on sidelines.
Source : Cogencis Information Services Ltd.
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Stocks of pharmaceutical companies are likely to consolidate at current levels next week due to lack of triggers and as recent regulatory issues at Sun Pharmaceutical Industries, Aurobindo Pharma and Biocon have mostly been priced in. This week, the Nifty Pharma index ended with losses of 0.9%, as compared with gains of 0.4% in the Nifty 50 index. For the year so far, the Nifty Pharma index is down 5.45%. of Sun Pharmaceutical will be in focus await more clarity from the management negative observation issued by the US Food and Drug Administration on the company's Halol, Gujarat unit. In the broader market, benchmark indices are expected to move in a narrow range,
as concerns over inflation, at home and globally, may keep investors on sidelines.
Source : Cogencis Information Services Ltd.
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