 "Pharma shares dip on profit booking")
Shares of frontline pharmaceutical companies were trading lower 2%-3% on the bourses on profit bookings.
Sun Pharmaceutical Industries, Lupin, Cipla, Dr Reddy’s Laboratories, Torrent Pharmaceuticals, Strides Arcolab, Wockhardt, Glenmark Pharmaceuticals and Cadila Healthcare were down 2%-3% on the Bombay Stock Exchange (BSE).
At 1141 hours, S&P BSE Healthcare index was down 2% or 363 points at 18,217 against 0.13% or 38 points rise in the S&P BSE Sensex. The pharma index touched a low of 18,178 during intra-day trade so far.
Thus far in 2015, the S&P BSE Healthcare index has outperformed the market by surging 26% against 4% gain in the benchmark index till yesterday.
Wockhardt (94%), Lupin (46%), Sun Pharmaceutical Industries (39%) and Strides Arcolab (28%) from the index stocks have rallied more than 26% so far in the current calendar year.
Aarti Drugs, RPG Life Sciences, Natco Pharma, Hester Biosciences, SMS Pharma, Claris Lifesciences, Anuh Pharma, Suven Life Sciences and Ajanta Pharma from the mid-and-small-sized pharma stocks zoomed between 50%-90%.
Sun Pharmaceutical Industries, Lupin, Cipla, Dr Reddy’s Laboratories, Torrent Pharmaceuticals, Strides Arcolab, Wockhardt, Glenmark Pharmaceuticals and Cadila Healthcare were down 2%-3% on the Bombay Stock Exchange (BSE).
At 1141 hours, S&P BSE Healthcare index was down 2% or 363 points at 18,217 against 0.13% or 38 points rise in the S&P BSE Sensex. The pharma index touched a low of 18,178 during intra-day trade so far.
Thus far in 2015, the S&P BSE Healthcare index has outperformed the market by surging 26% against 4% gain in the benchmark index till yesterday.
Wockhardt (94%), Lupin (46%), Sun Pharmaceutical Industries (39%) and Strides Arcolab (28%) from the index stocks have rallied more than 26% so far in the current calendar year.
Aarti Drugs, RPG Life Sciences, Natco Pharma, Hester Biosciences, SMS Pharma, Claris Lifesciences, Anuh Pharma, Suven Life Sciences and Ajanta Pharma from the mid-and-small-sized pharma stocks zoomed between 50%-90%.