2026-02-23 11:23:45 am | Source: Religare Broking Ltd
Trade Idea of The Day - Sun Pharmaceutical Industries Ltd Target Rs.68 - Religare Broking Ltd
Sun Pharmaceutical Industries Ltd
BUY Sun Pharmaceutical Industries Ltd 30 MAR 1720 CE Entry Range 42-46 Target Range 68 Stop Loss 33
Rationale
* The pharma sector is demonstrating resilience in the current market environment, with SUNPHARMA outperforming in line with the broader sectoral strength.
* The stock has rebounded from a well-established support zone and is now consolidating within a tight range while sustaining above its key moving averages, indicating underlying strength.
* The ongoing base formation reflects steady accumulation, suggesting potential for a constructive upward move in the near term.
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