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Pharma stocks rally in listless trading

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Pharma stocks rally in listless trading
Glenmark Pharmaceuticals: Quotes, News
BSE 963BSE Quote0 (0.00%)
NSE 962.45NSE Quote0 (0.00%)
Cipla: Quotes, News
BSE 1466.2BSE Quote0 (0.00%)
NSE 1463.35NSE Quote0 (0.00%)
Pharma stocks were in the limelight in an otherwise lacklustre trading session with Glenmark Pharma rallying 3.24 per cent, Sun Pharma jumping 2 per cent, Piramal Enter rallying one per cent and Dr Reddy's gaining 0.80 per cent.

Other gainers from the sector were Cipla, Ranbaxy Laboratories and Lupin. Analysts attribute the gains in pharma stocks to renewed investor interest following better growth prospects and also hedging against any likely fall in the markets.

 

Pharma stocks are defensive stocks and hence do not fall, during a sharp decline in the markets.

 

GoodReturns.in

Read more about: pharma ranbaxy
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