InvestorQ : How do you see pharma stocks like Cipla and Aurobindo which are currently trading at 52-week high levels?
sara Kunju made post

How do you see pharma stocks like Cipla and Aurobindo which are currently trading at 52-week high levels?

Answer
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5 months ago


Nifty Pharma Index gained 2% in an otherwise range-bound market on expectation of strong demand growth in domestic and export market. Cipla hit a new high and has been on the investor radar as its respiratory product pipeline for US Generics has been shaping up well promising good growth visibility over next three years. Cipla is also one out of three Indian companies to sign a non-exclusive licensing agreement with US-based Gilead Sciences to make and distribute Remdesivir in 127 countries, for curing COVID-19. Aurobindo also hit a 52-week high of Rs.742 as it is scheduled to announce its Jan-Mar quarterly earnings on June 3, 2020. “Aurobindo’s US business is being driven by new approvals from a large pending pipeline coupled with a diversified product portfolio.