Expect momentum continue on Pharma stocks
· Expect positive for Indian pharma stocks after the government approved exports of hydroxychloroquine to US and Brazil. Market hope that it may positive Indian Pharma players in future for benefit of US FDA approval on other medicine.
· Major US FDA approval - Cipla : Company gets US FDA approval of generic version of proventtihfa inhalation Afrosol.
· Ajanta Pharma gets USFDA nod for Parkinson's disease tablet.
We are positive on IPCA, Lupin, Strides, SUN Pharma, Ajanta Pharma, Alembic, Divi’s Lab
