Stocks of the pharma sector hit fresh highs. Know why
The entire pharma sector was abuzz with long positions as many companies hit fresh highs and traders remained bullish about the prospects of these exporters in the face of a weakening Rupee.
The CNX Pharma Index was the top gainer on the
Pharma
Stocks trading near fresh highs in the sector included Divi's, Glenmark, Aurobindo Pharma, Cadila Health and Dr. Reddy's
Smaller pharma companies notched up even larger gains. Ajanta Pharma, Sanofi, Torrent Pharma and Natco Pharma were all up strongly in trade.
Image credit: Indiatimes
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