Pharma Stocks Outlook for the week – 07 to 10.10.2014
( www.rupeedesk.in )
Stocks of major pharmaceutical companies are seen trading positively next week, and even
outperforming the broader markets, as demand outlook for their products is seen positive.
The overall sentiment for the pharma sector is positive and investors have been parking funds here, as returns and stock values have been steadily growing.
Market watchers see a strong upward momentum in favour pharma stocks in near term, as
investors have been preferring defensive approach that this sector offers, compared with highbeta sectors such as oil and gas, automobile, and real estate.
Over the past week, investors preferred to stay defensive in their buying approach, going for
shares of pharmaceutical companies at the expense of stocks from other sectors, even as overall trading volume in the broader markets remained weak.
