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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%.

The government is now trying to understand how long it will take before the drug’s production can start in India
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The government is now trying to understand how long it will take before the drug’s production can start in India

SI Reporter Mumbai
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

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First Published: May 29 2020 | 1:44 PM IST

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