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Pharma shares rally; Alembic, Sun Pharma, Laurus Labs hit 52-wk highs

Strides Pharma Science, Alkem Laboratories, Ajanta Pharma, Lupin, Ipca Laboratories, Jubilant Life Sciences and FDC were up in the range of 5 per cent to 10 per cent on the BSE

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Analysts do not see any significant business impact on the pharma sector due to COVID-19

SI Reporter Mumbai
Shares of pharmaceutical companies extended their winning run to Friday after Alembic Pharmaceuticals reported robust earnings for the quarter ended March 2020.

Besides Alembic Pharma, Sun Pharmaceutical Industries and Laurus Labs also hit their respective 52-week highs on the BSE today. Strides Pharma Science, Alkem Laboratories, Ajanta Pharma, Lupin, Ipca Laboratories, Jubilant Life Sciences and FDC were up in the range of 5 per cent to 10 per cent on the BSE.

At 12:31 pm, the S&P BSE Healthcare index was up 2 per cent, as compared to 0.59 per cent decline in the S&P BSE Sensex. The