Pharma Stocks to BUY: Pharma sector stocks have been sluggish in the past few days.
The pharma index fell on Tuesday. However, a good outlook is being formed for the sector in the future. A good boom is also being seen in the market before the budget.
Nifty and Sensex are constantly touching new record highs. Meanwhile, a foreign brokerage has given a buy opinion on two pharma stocks.
The brokerage has given a buy opinion on Torrent Pharma (NSE: TORNTPHARM) and Neuland Labs (NSE: NEULANDLAB), increasing its target price on both stocks.
Buy Opinion In Torrent Pharma
A brokerage has given a buy opinion on Torrent Pharma. While maintaining the BUY rating on this, the brokerage has increased the target price from Rs 2,975 to Rs 3215.
The stock of the pharma company is currently trading at Rs 2,936.
There has been a continuous sluggishness in the stock in the last few weeks, but now it is expected to rise.
If we look at the share price history, the stock is up 0.28% in the last 5 days. It has gained 2.68% in 1 month, while the stock has gained about 20% in the last 6 months.
The stock has gained 29% in 2024. At the same time, it has given a return of 52% in 1 year.
Buy opinion In Neuland Labs
The brokerage also maintained a Buy rating on Neuland Labs and increased the target price from Rs 9,100 to Rs 10,200.
The stock is currently trading at Rs 8,446. It is trading at 1.85% on Tuesday. It has gained 6.24% in the last 5 days.
The stock has climbed about 30% in the last 1 month. At the same time, the stock has climbed 52% in the last 6 months.
This pharma stock has given a return of 187% in 1 year.
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