Pharma stocks gain; Divi's Labs, Dr Reddy's, Pirmal Enterprises rise 1.50%

Indian pharma market (IPM) registered a 14.5 per cent year-on-year (YoY) growth in November, one of the best growths seen in more than 32 months.

Most pharma stocks were trading in the green in the morning trade on Monday. The Nifty Pharma index was trading over half a per cent higher in a flat market. 

At 11:27 am, the Nifty Pharma index was ruling 0.84 per cent higher at 8,020 levels with Divi's Labs leading the chart with nearly 2 per cent gains. Piramal Enterprises, Dr Reddy's, and Glenmark Pharma rallied up to over 1 per cent. Other gainers in the index included Aurobindo Pharma, Sun Pharma, Glenmark Pharma, and Cadila Healthcare. In comparison, the benchmark Nifty50 index was hovering around 11,950 levels, up 0.23 per