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Pharma stocks on a booster dose; Nifty Pharma up 12% in six days

Analysts attribute the run-up in pharma stocks to positive corporate announcements on the US drug regulatory front

Nifty Pharma up 12%

Shares of pharmaceutical companies gained ground for the sixth consecutive day with the Nifty Pharma index gaining 12 per cent during this period, as compared to a 2.6 per cent jump in the Nifty 50 index.  Analysts attribute the run-up in pharma stocks to positive corporate announcements on the US drug regulatory front, especially Sun Pharma, which infused a fresh life into these classic defensive plays.  “Positive news flow at the company / corporate level in terms of regulatory issues being resolved, pick-up in the mid-and small-caps and investors hunting ...