Pharma stocks in green; Alembic Pharma, Cipla surge over 3%

Most of the pharmaceutical stocks were trading in the green in on Friday.

Shares of Dr Reddy’s Laboratories (up 3.77 per cent), Cipla (up 3.04 per cent), Lupin (up 2.49 per cent), Sun Pharmaceutical Industries (up 2.10 per cent) and Glenmark Pharmaceuticals (up 1.81 per cent) were among the top gainers.

Among other stocks that gained were Piramal Enterprises, Cadila Healthcare, Biocon and Aurobindo Pharma. Divi’s Lab was down 0.27 per cent at Rs 1,081.80.

Alembic Pharma was trading nearly 4 per cent up at Rs 525.45. The company has received Establishment Inspection Report (EIR) from United States Food and Drug Administration (US FDA) for the inspection carried out by them at our Formulation Facility at Panelav during the period from 12th March, 2018 to 20th March, 2018.

Among the 50 stocks in Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of ICICI Bank, Punjab National Bank (PNB), Sun Pharma, SAIL and Idea Cellular were among most traded securities on the National Stock Exchange on Friday.

Shares of Ind-Swift Labs, Sundram Fast, Zydus Wellness, Jubilant Food and RIL hit their fresh 52-week highs in today’s trade, while SE Power, Felix Industries, Hilton Metal, Assam Company and Palash Securities hit fresh 52-week lows in trade.

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