Stocks to buy or sell: Out of 20 pharma stocks listed in Nifty Pharma index, only two stocks — Sun Pharma and Cipla — have delivered return to its shareholders in last one year. Rest 18 stocks have given zero return to its positional investors in this period. These 18 Nifty Pharma stocks, Strides Pharma share price has crashed maximum 45 per cent in last one year whereas Gland Pharma, Natco Pharma, Lupin and Zydus Lifescience is following it with an yearly loss in stock price by 38 per cent, 37 per cent, 33 per cent and 32 per cent respectively. Divi’s Lab share price has also tanked over 30 per cent in last one year. However, in recent sessions, Nifty Pharma index has recently breached its shorter term 20 DMA hurdle on closing basis fueling the speculation about upcoming rally in pharma stocks.
(This story has not been checked by Kashmir Bulletin and is auto-generated from other sources)