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Sun Pharma In The News

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Pharma may decline

                                

Shares of pharmaceutical companies are likely to trade low this week, feeling jitters of the overall market that ended down on Friday "Pharmaceutical counters will follow the market except few stocks that are expected to do strong fundamentally" a dealer said. However, the street is optimistic about long-term gains as the domestic companies have a rich product portfolio for US and European markets. The street is bullish on Sun Pharma, Ranbaxy and Dr Reddy's Laboratories. Among midcap companies, brokerages expect Glenmark and JB Chemicals to perform positive if the market recovers.