Pharma stocks lose momentum; Dr. Reddy’s Laboratories dips most
DSIJ Intelligence / 28 Jul 2017
Due to the pricing pressure in the US, India-based pharmaceutical majors are going through a tough time, eventually leading to
The S&P BSE Healthcare index was lagging during early morning trade on the BSE and was trading down by 1.42% as of 1031 hours on Friday.
The S&P BSE Healthcare index was trading at 14,459.61 level, down by 208.96 points or 1.42%.
Due to the pricing pressure in the US, India-based pharmaceutical majors are going through a tough time, eventually leading to
The index has shrunk 10% in the last one year. However, benchmark indices have increased more than 15% in the previous one year.
Among other pharmaceutical majors, Biocon was trading down by 3.27% at Rs 386.05 per share, Hester Biosciences was trading down by 4.44% at Rs 1,075 per share, Sun Pharma was trading down by 2.63% at Rs 558 per share, Novartis India was trading down by 2.44% at Rs 644.45 per share, and Lupin was trading down by 2.89% at Rs 1,079 per share.
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