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Cipla, Dr Reddy's Labs: Tech charts show up to 11% upside in pharma stocks
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
Pharma shares gain; Dr Reddy's, Alembic, Divis, Laurus Labs hit 52-wk highs
Wockhardt, Strides Pharma Science, Alembic Pharmaceuticals, Pfizer and IOL Chemicals & Pharmaceuticals were up in the range of 5 per cent to 9 per cent in intra-day trade today.
Nifty Pharma index hits 7-week high; Divi's Lab zooms over 50% in one month
In past one month, the pharma index surged 13% as against 3% rise in the benchmark index
Dr Reddy's, Divi's Labs hit over two-year lows
Thus far in 2017, Divi's Lab and Dr Reddy's underperformed the market by falling more than 15% each.
