Pharma stocks gain; Cipla hits record high, Lupin nears 52-week high

In the past month, Cipla and Lupin outperformed the market by gaining 12 per cent each, against 8 per cent rise in Nifty Pharma index

Shares of pharmaceutical companies were in focus at the bourses on Tuesday with Cipla rising 1.7 per cent to hit a fresh record high of Rs 829 on the National Stock Exchange (NSE). Lupin also rose 4 per cent to Rs 1,088, close to its 52-week high price of Rs 1,121.85, touched on September 18, 2020.

In the past month, Cipla and Lupin have outperformed the market by gaining 12 per cent each, against 8 per cent rise in Nifty Pharma index. At 11:50 am, Nifty Pharma index was up 0.5 per cent at 12,216 points, as compared to