After hitting a new all-time high of Rs 997 earlier today, the stock of Cipla is all set to rally towards Rs 1,100
Indian shares were largely unchanged on Monday, as gains in pharmaceutical stocks and heavyweight Reliance Industries were offset by losses in information technology stocks
The 30-share Sensex finished 358.83 points or 0.69 per cent higher at 52,300.47. Intra-day, the index swung between a high of 52,346.35 and a low of 51,957.92
Gland's prospects remain strong, say analysts, as it has a robust pipeline of products with 50 pending Abbreviated New Drug Applications (ANDAs) and a healthy filing rate of 21 ANDAs in 9MFY21
The company's performance in Q4FY21 was weighed by moderate YoY growth in India Domestic Formulation (DF)/South Africa and decline in API sales for the quarter
Over the last four sessions, the Sensex has gained 1,248.90 points or 2.58 per cent.
Laurus is well poised to follow the success story of some leading CDMO players backed by strong chemistry and integrated model
Major stocks in the healthcare equipment sector are showing firm upside of over 15 per cent
Sensex, Nifty rise 1.4%; experts see volatility continuing in near term
However, analysts say these stocks may not deliver bumper returns like last year
Dhanuka Pharmaceuticals that took over the company almost a year ago, nursed it back to health from bankruptcy
Orchid Pharma shares were locked in the upper circuit for the 96th straight trading day
Earnings are expected to grow over 25 per cent over the next two years
The Nifty Pharma index was down 1.76 per cent on Friday compared to a 568-point or nearly 3.8 per cent slide in the Nifty50 on weak global cues
Among individual stocks, Lupin zoomed 3.4 per cent in the intra-day trade and hit a high of Rs 1,060, Sun Pharmaceuticals advanced 2 per cent, and Dr Reddy's Labs gained 1.7 per cent.
Growth led by power brands and new launches could recover as pandemic impact wanes
Given the focus on volume growth and price cuts margin pressures may remain
Core hospital segment too is looking up on the back of rise in occupancies, footfalls
Much of the increase in this year's Budget allocation for health and well-being is attributed to expenditure set aside for Covid-19 vaccination
Motilal Oswal Securities said Alembic Pharma missed Q3FY21 earnings estimate, weighed by lower-than-expected sales in the US