Pharma Stocks, Do they have any steam left ?
Ranbaxy has been range bound since a very long time. I haven't seen the stock having more than 4 % gain on any single day since a very long time. The volumes are pretty steady. The results of this company were good compared to previous year, but i guess this stock has lost the interest of Operators. Any views ?
Cipla, the company has shown good performance, but the stock was on 52 week low recently. I will term it as a value buy, but i do not see much interest in this stock as well from Bulls.
Dr Reddy is another stock, which is one very strong company in Indian Stock Markets. But this stock has also not performed well.
What is the reason ? Why are these companies not able to see growth in their valuations even after showing good results.
