Quote on Pharma Sector and buy call on Sunpharma Ltd By Mr. Yash Gupta, Angel One Ltd
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Below is quote on Pharma Sector and buy call on Sunpharma Ltd by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Nifty Pharma up by 1.30%, Market continues to struggle, nifty down by 1%.
Today Nifty pharma is up by 1.30%, Dr.Reddy Laboratories is up by 5.4% on the back of better than expected results of Q2FY22, Lupin Limited up by 5.8% on the back of good results and positive commentary from management. Pharma is the only sector showing some strength in the market, even large-cap pharma are in the momentum and we believe that other large-cap companies will report good numbers for Q2FY22 on back of domestic market sales growth. We have a buy call on Sunpharma Limited with a target price of ₹950.
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