Indian pharma stocks head for best week in more than two years

Granules India

26/07/2024 10:14

** Indian pharma stocks  .NIPHARM  up 5.3% this week, set
for best weekly rise since March 2022
    ** Gains led by top-weighted stock Sun Pharma's  SUN.NS  9%
weekly jump, index heavyweight Divi's Laboratories'  DIVI.NS 
~6% jump and Torrent Pharma's  TORP.NS  6.3% rise
    ** Granules India  GRAN.NS  top pct gainer, rising 11.7%,
while Biocon  BION.NS  up 10%
    ** Eleven stocks on 20-member Nifty Pharma index  .NIPHARM 
rated "buy" or higher, rest rated "hold" - LSEG data

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))