Pharma Stocks Outlook For The Week - 28.05.2018 To 01.06.2018
Stocks of pharmaceutical companies are likely to gain after industry leader Sun Pharmaceutical reported above-expectations earnings for the quarter ended March, boosting investor sentiment for the sector. Sun Pharma yesterday reported a consolidated net profit of 13.1 bln rupees, which was sharply higher than the estimate of 8.6 bln rupees. Investors are likely to prefer the sector as macroeconomic uncertainties push them to add defensive stocks to their portfolio. The Nifty Pharma index outperformed the Nifty 50 index this week and rose 1%. Cues from the broader market are likely to be supportive for these companies' shares next week with benchmark indices expected to add to their gains from this week.
Source : Cogencis Information Services Ltd.
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Stocks of pharmaceutical companies are likely to gain after industry leader Sun Pharmaceutical reported above-expectations earnings for the quarter ended March, boosting investor sentiment for the sector. Sun Pharma yesterday reported a consolidated net profit of 13.1 bln rupees, which was sharply higher than the estimate of 8.6 bln rupees. Investors are likely to prefer the sector as macroeconomic uncertainties push them to add defensive stocks to their portfolio. The Nifty Pharma index outperformed the Nifty 50 index this week and rose 1%. Cues from the broader market are likely to be supportive for these companies' shares next week with benchmark indices expected to add to their gains from this week.
Source : Cogencis Information Services Ltd.
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