Healthcare Stocks Top Performers on Friday

Lyk Labs, Poly Medicure, Caplin Point Laboratories Ltd and Vivimed Labs Ltd., were among the top performers in the healthcare sector, rising above 2% high on Friday.

Jan 13, 2017 05:01 IST India Infoline News Service

On a calm Friday, when both the benchmark indices were in the red and struggled throughout the day to cross above the previous day's high, these four companies from S&P BSE Healthcare index outperformed the market.

Lyk Labs, Poly Medicure, Caplin Point Laboratories Ltd and Vivimed Labs Ltd., were among the best performers in this sector, rising more than 2% on Friday.

Lyk Labs has surged about 4.08%, closing at Rs. 59.95 per share on BSE; Poly Medicure closed at Rs. 404.00 per share on BSE; Caplin Point Laboratories Ltd ended the day at 391.25, making a high of 396.70 during the trading session of Friday; whereas Vivimed Labs Ltd. rose about Rs. 2.30 per share (+2.31%), and closed at 102.

Pharma and Healthcare stocks remained negative throughout the week, especially after the speech of US President-elect Donald Trump on Wednesday.

Stock view:
Lyka Labs Ltd ended at Rs 59.95, up by Rs 2.35 or 4.08% from its previous closing of Rs 57.6 on the BSE.
The scrip opened at Rs 58.05 and touched a high and low of Rs 60.45 and Rs 58.05 respectively. A total of 105040(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 126.95 crore.
The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 117.4 on 12-Jan-2016 and a 52 week low of Rs 48.85 on 17-Nov-2016. Last one week high and low of the scrip stood at Rs 64 and Rs 53.8 respectively.
The promoters holding in the company stood at 24.9 % while Institutions and Non-Institutions held 6.38 % and 68.72 % respectively.
The stock traded above its 200 DMA.

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