Nifty Pharma index surges 1%; Biocon, Torrent Pharma, Divis Lab and DR Reddys in fast lane

Lupin, Cadila, Auro Pharma and Cipla also gained more than 1%. Sun Pharma also advanced 0.82% higher. Alkem Lab was lone laggard.

Mar 19, 2021 01:03 IST India Infoline News Service

Nifty Pharma index found the markets bull to trade 1% higher on Friday. The sector after a gap down opening rallied with contributions from nine pharma companies on Nifty50. Only Alkem Lab traded in the red.

BioconTorrent PharmaDivis Lab and DR Reddys were in the fast lane. At around 1.55 pm, Nifty Pharma was trading at 11,653.60 up 139.15 points or 1.21%, near day's high of 11,659.80 during intraday trade on Friday.

Biocon took the top flight at Rs396.75 per piece, up 1.95%. Torrent Pharma followed closely at Rs2,410.00 per piece, up 1.83%. Divis Lab also surged 1.75% at Rs3,330.05 per piece. DR Reddys gained 1.55% at Rs4,276.65 per piece.

Lupin, Cadila, Auro Pharma and Cipla also gained more than 1%. Sun Pharma also advanced 0.82% higher.

Cipla announced that it has pledged support to ‘Terra Carta’, a landmark charter that has been drawn up to put sustainability at the heart of the private sector.

Alkem Lab shed 0.67% at Rs2,612.00 per piece. 

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