Pharma shares gain; Dr Reddy's, Alembic, Divis, Laurus Labs hit 52-wk highs

Wockhardt, Strides Pharma Science, Alembic Pharmaceuticals, Pfizer and IOL Chemicals & Pharmaceuticals were up in the range of 5 per cent to 9 per cent in intra-day trade today.

Shares of pharmaceutical companies were in focus on Monday, in an otherwise weak market, on the back of a slew positive corporate announcements. Dr Reddy’s Laboratories, Alembic Pharmaceuticals, Divis Laboratories and Laurus Labs were trading at their respective 52-week highs at the bourses on Monday.

At 12:06 pm, the S&P BSE Healthcare index was the top gainer among sectoral indices, and was up 1.1 per cent. In comparison, the benchmark S&P BSE Sensex was trading 0.43 per cent lower. The healthcare index was trading at its highest level since May 3, 2019.

Wockhardt, Strides Pharma Science, Alembic Pharmaceuticals, Pfizer and IOL Chemicals