Pharma Stocks Buzzing | Raghvendra Singh: Sun Pharma, Cipla, Dr. Reddy’s Leading The Charge

On Friday, November 29th, the pharmaceutical sector showed strong performance with Sun Pharma closing up by 3% and Cipla rising nearly 3%. The Nifty Pharma Index also climbed 2.35%, reflecting optimism in the sector. Market Expert Raghvendra Singh shared his insights on the outlook and strategy for pharma stocks. He emphasized that with the robust breakout in stocks like Cipla, Sun Pharma, and Dr. Reddy's, participation in the sector is crucial. He highlighted the impressive rollovers of 90%-95% in the pharma sector during the last month, suggesting a solid foundation for the next leg of the rally. Singh also pointed out that along with pharma, metals and PSU banks are expected to lead the markets higher, driving momentum for Nifty and Bank Nifty. Pharma stocks like Sun Pharma, Aurobindo Pharma, and Dr. Reddy's are positioned for significant upside, making them attractive for investors as the rally gains strength.