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Pharma stocks slip on Donald Trump’s targeted attack
Jan-12-2017

Dr. Reddys Laboratories is currently trading at Rs. 2997.00, down by 50.35 points or 1.65% from its previous closing of Rs. 3047.35 on the BSE. The scrip opened at Rs. 3000.00 and has touched a high and low of Rs. 3020.10 and Rs. 2941.00 respectively. So far 31951 shares were traded on the counter.

Lupin is currently trading at Rs. 1503.95, down by 16.35 points or 1.08% from its previous closing of Rs. 1520.30 on the BSE. The scrip opened at Rs. 1508.00 and has touched a high and low of Rs. 1520.00 and Rs. 1490.00 respectively. So far 79415 shares were traded on the counter.

Sun Pharmaceutical Industries is currently trading at Rs. 638.15, down by 9.55 points or 1.47% from its previous closing of Rs. 647.70 on the BSE. The scrip opened at Rs. 632.00 and has touched a high and low of Rs. 643.50 and Rs. 628.00 respectively. So far 197142 shares were traded on the counter.

Glenmark Pharmaceuticals is currently trading at Rs. 902.15, down by 2.00 points or 0.22 % from its previous closing of Rs. 904.15 on the BSE. The scrip opened at Rs. 897.00 and has touched a high and low of Rs. 905.00 and Rs. 889.95 respectively. So far 11381 shares were traded on the counter.

Pharma stocks came under pressure after US president-elect Donald Trump attacked the pharmaceutical industry for high drug prices and for manufacturing overseas, saying he will create new procedures for bidding on drugs, reports AFP. Trump also said the pharmaceutical companies are getting away with murder.

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