Hi friends,
Barring one or two rest of all are near there 52 weeks low which shows how the index has been doing. let me post the index chart .
We have seen Pharma companies have not performed good in last 2 years either they have fallen or have gone sideways .Lets look at the pharma sector index which includes .
| Aurobindo Pharma Ltd. |
| Cadila Healthcare Ltd. |
| Cipla Ltd. |
| Divi's Laboratories Ltd. |
| Dr. Reddy's Laboratories Ltd. |
| Glaxosmithkline Pharmaceuticals Ltd. |
| Glenmark Pharmaceuticals Ltd. |
| Lupin Ltd. |
| Piramal Enterprises Ltd. |
| Sun Pharmaceutical Industries Ltd. |
The index is moving in a downward channel for last 2 years and has not been able to break the resistance .Overall still the index is not giving any bullish signs I have been tracking LUPIN quite closely and have posted on it Lupin wave structure .Lastly would say i think there is still some time before pharma gets back in shape and gets investors attention.
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