Discover top pharma stocks to buy, driven by strong fundamentals and technical trends. Dive into our analysis to find promising picks.
India's pharma sector, known as the 'Pharmacy of the World,' is booming. With robust domestic demand and global acclaim, it's a sector worth watching.
Nifty Pharma index recently broke out of a 4-month range, signaling an upward trend. Target level projected at 23,900 from recent trough of 17,904.
Sun Pharma, a market leader, is set for gains with new product launches and strategic moves. Buy Range- 1530-1565, Target Price - 1790, Stop loss 1397, Upside Potential – 15%. Duration – 180 Days
Granules India focuses on value-added products, driving margins and growth. Buy Range- 505-527, Target 620, stop loss - 447, upside – 20%, duration – 180 days.
The Sensex and Nifty saw slight corrections, with Bank Nifty falling 1%. Keep an eye on market trends and stay updated with Bajaj Broking.