Lupin Pushes Nifty Pharma Index Higher By 1%

Pharma major, Lupin Limited during Friday morning’s trade was rallying on the bourses, helping the Nifty Pharma to gain over 1% in the opening trade, making it the top performing index among other sectoral indices.

The stock was also heavily contributing to the BSE Healthcare index gains by nearly 70%. Followed by Lupin, Dr Reddy’s and Sun Pharma were also pushing the index to higher levels.

Shares of Lupin were trading up by 3.6%, Dr Reddy’s was up by 1.9% and Sun Pharma was up by 1.25% at around 0944 hours.

Other stocks in the sectoral index such as Kopran was up by 3.29%, Marksans was up by 3.24%, Ajanta Pharma was up by 2.4%, Divi’s Labs was up by 1.9% and Glenmark was up by 1.5%.

Meanwhile, IOL Chemical & Pharmaceuticals down by 3.14%, Caplin Point was down by 2.7%, Asta Zeneca was down by 1.1%, Hester Biosciences was down by 0.8% and Granules was down by 0.8% at around the time.

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