Pharma shares in focus: Cipla, Aurobindo Pharma hit 52-week high

Dr Reddy's, Divis Labs, Biocon, JB Chemicals, Caplin Point Lab, Aarti Drugs, Indoco Remedies, RPG Lifesciences and Glenmark Pharma were up in the range of 3% to 5%.

Shares of pharmaceutical companies were in focus on Friday with Nifty Phamra index gaining 2 per cent in an otherwise range-bound market on expectation of strong demand scenario from both domestic and export market.

At 01:37 pm, Nifty Pharma index was up 2.1 per cent at 9,664 points, as compared to 0.15 per cent decline in the benchmark Nifty50 index. The pharma index hit an intra-day high of 9,677, which is 1 per cent short of its 52-week high of 9,753.50 touched on April 27, 2020.

Among individual stocks, Dr Reddy’s Laboratories, Aurobindo Pharma, Divis Laboratories, Biocon, JB Chemicals & Pharmaceuticals, Caplin