Sun Pharma Top Contributor on BSE Healthcare Index

Shital Jibhe / 08 Jun 2017

Sun Pharma Top Contributor on BSE Healthcare Index

The Pharma companies that were trading positively were Dr Reddy’s Laboratories Limited, Caplin Point Laboratories Limited,  Sun Pharmaceutical Industries Limited, Natco Pharma Limited, Wockhardt Limited and Lincoln Pharmaceuticals Limited

Sun Pharma was the top contributor to the gains on the S&P BSE Healthcare index which was trading up by nearly 2% at 14201.99, at 12.06 on Thursday. The firm has lost 50% market value in the last two years, due to competition as the increasing competitive rivalry is leading to pricing pressure.
 
The stock has attracted trading volume of 55,83,381shares and traded value of Rs 292.47 crore as of 12.22 hours on the NSE.
 
The Pharma companies that were trading positively were Dr Reddy’s Laboratories Limited, Caplin Point Laboratories Limited,  Sun Pharmaceutical Industries Limited, Natco Pharma Limited, Wockhardt Limited and Lincoln Pharmaceuticals Limited.

Those trading in negative were Morepen Laboratories Limited, Anuh Pharma Limited, Poly Medicure Limited, Opto Circuits Limited and Unichem Laboratories Limited.
 
Overtaking Lupin,  Cadila Healthcare has become second most valued pharma company in terms of market capitalisation.

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