Some pharma stocks have given good rallies, to name a few, divis, aurobindo etc. Most of the rest like lupin, sun pharma etc seem to be languishing near their recent bottom levels. Fundamentally there seem to be some positive developments in individual company levels. Since there has been a continuous slide in most pharma companies since past few months, there is bound to be some bounce. I still cant figure out whether the correction in the pharma cos is over and a new bull market has begun or not. My feel is it would be a while before a strong bull market would begin. Indivisual cos might sizzle based on newsflows but overall sectoral bull market seems some distance away.
Stocks which have rallied recently and those that have managed to post 52 week highs need to be watched closely and their fundamental triggers should be monitored closely.
In my personal view I like cos like Lupin, Dr Reddys, Ajanta etc.
@sanman, I dont track SML isuzu.