Pharma stocks have been doing ok for some time now. Considering the fact that they were coming from dead, there was still a lot of skepticism around though.
Today pharma had a break out day that should covert the non-believers. While the likes of DIVISLAB and AUROPHARMA has a day in the Sun, there are better bets out there.
GLENMARK here has just broken out and will sure see much follow though as it has been a relative laggard so far. 50 points should be given to 700 level in short term. Long term investors can get in too! Excellent levels for fresh longs.
Sir I bought glenmark but today's candal navetiv what to do suggest me.
Kaustubh
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@RAN95_3, hey buddy, today's negativity was reasonable considering it's Friday and people would want to book profits. Also, Glenmark was looking a bit overbought.
Having said that, the view hasn't changed at all. All pharma stocks saw a bit of profit booking today. Monday is a new day.
So hold on. Especially if you invested in cash! Then you have a long runway