Pharma Stocks Lead, Sun Pharma up 6pc


Nifty Pharma index scaled up 3.39% to 8,117.40-level in the afternoon session amid benchmark Nifty recording new highs at 12,005.75 at 3.10-pm. For hni stock tips visit our Website.
The strength in the index is being led by Sun Pharma, Lupin, Dr.Reddys Lab, and Aurobindo Pharma and Glenmark which were up by 3 to 6% in range.
Meantime Credit Suisse has maintained a neutral call on Sun pharmaceutical with a target of Rs.450 per share.
Among the other constituents in the Nifty pharma, Cadilac, Cipla, Divis Lab, Biocon and Piramal enterprises added the minimum impetus in between 1 to 2% in range.
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SunPharma stock emerged among the top index gainers both on BSE and the NSE. The stock price currently quoted at Rs.449.20-per share on the NSE, up by Rs.23.30 from the previous closing.

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