Mid-sized pharma stocks gain on foreign buying

Shares in mid-sized drug makers extend a recent rally as dealers cite evidence of good buying by foreign institutional investors (FIIs).

"A weaker rupee and an increasingly diversified revenue base are attracting FIIs," said a dealer with a domestic brokerage.

Shares of Aurobindo Pharma Ltd gain 1.8 percent, bringing the gains over the past eight sessions including Thursday to 37 percent.

Wockhardt Ltd is up 2.2 percent, heading for its sixth daily gain in the past seven sessions for a total gain of 28 percent so far during that period.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture