As some of the pharma names have been on a rally due to the recent Covid 19 pandemic and are working on a formulations to work as vaccine for the disease that can be of help at global level.
Some of the pharma names have jumped to 52-week highs for the fourth straight day include:
Sanofi: The stock earlier on entering into agreement with Glaxosmith Kline and coming up with Covid 19 vaccine recorded new highs.
Other pharma stocks that have also recorded their 52-week high price on April 17, 2020 are:
The rupee's depreciation to record lows is also likely to benefit these firms that are primarily exporters.