Nifty Pharma outshines benchmarks, up 2%; Cipla, Sun Pharma hit 52-wk highs

Shares of Glenmark Pharma, Granules India, Divi's Laboratories, Torrent Pharma, Lupin and Aurobindo Pharma, surged in the range of 2 per cent to 6 per cent in Monday's intra-day trade

Shares of pharmaceutical companies were in focus as frontline stocks rallied up to 6 per cent in Monday's intra-day trade, due to strong business outlook. At 12:12 PM, the Nifty Pharma, and the S&P BSE Healthcare indices were up  2 per cent each, as compared to 0.4 per cent decline in the Nifty50, and the S&P BSE Sensex.

Among individual stocks, shares of Lupin, and Aurobindo Pharma surged in the range of 5 per cent to 6 per cent. Glenmark Pharmaceuticals, Granules India, Divi’s Laboratories, Torrent Pharmaceuticals, on the other hand, were up in the range of 2 per