5 healthcare stocks to watch out for on July 07

5 healthcare stocks to watch out for on July 07

by 5paisa Research Team Last Updated: Dec 13, 2022 - 06:01 pm 22.7k Views

S&P BSE Healthcare after a mindboggling rally from 17700 in July 2020 to 27000 in September 2021, the sector has underperformed in 2022 shedding ~20% of its gains. After touching a 52-week low of 20847.55, the sector is slowly gaining some momentum. In the morning trades, BSE Healthcare is trading at 22106.07 with a gain of  0.77%.

Let us see which stocks in the healthcare sector investors should keep an eye on.

Lupin Ltd today announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Somerset, NJ manufacturing facility, after the inspection of the facility in March 2022. The US FDA has determined that the inspection classification of the facility is Voluntary Action Indicated (VAI). At 11 am shares of Lupin were quoting at Rs 630.45 per share with a gain of 0.056 % over its previous close.

Piramal Enterprises Ltd has received shareholders’ approval to demerge its pharmaceuticals business and simplify the corporate structure. The company received 99% of the votes at the shareholder's meeting held on Tuesday. The demerger will divide the company into two separate entities, financial services and pharmaceuticals. At 11.10 am, the shares of Piramal Enterprises are quoting Rs 1723.20, up by 0.70% or Rs 12 per share.

Syngene International Ltd, a Biocon Group subsidiary has ended its retainer consultancy agreement with Bioinnovat Research Services, whose promoter has been implicated in the anti-graft case. Syngene has distanced itself from Bioinnovat, following the scandal surrounding Central Drugs Standards Control Organisation (CDSCO) and Biocon Biologics.

At 10.10 am, the shares of Syngene International are quoting Rs ­­­­­­­­­­­­­­­­­­­561.80, up by 2.81 % or Rs 15.35 per share.

Aurobindo Pharma Ltd announced in a press release on July 6 that its wholly-owned subsidiary company, Eugia Pharma Specialities Limited, has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Triamcinolone Acetonide Injectable Suspension. This is the 142nd ANDA (including 8 tentative approvals received) out of Eugia Pharma Specialty Group (EPSG) facilities, manufacturing both oral and sterile specialty products. In the morning session, the shares of Aurobindo Pharma are trading at Rs 546 , a gain of 0.45 % over its previous close.

Dr Reddy’s Laboratories Ltd released its Annual Report on July 6. In a joint address to the shareholder's chairman K Satish Reddy and co-chairman, MD G V Prasad laid down the sustainability goals for the next decade by making its products accessible and affordable for patients and with 25% of new launches to be first to market by 2027. “Propelled by bold targets in affordability and innovation, we aim to triple our existing reach to touch the lives of over 1.5 billion patients by 2030,'' Reddy and Prasad wrote. 

 In the morning session, the shares of Dr Reddy’s Laboratories are trading flat at Rs 4394.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Updater Services IPO?

Updater Services Ltd, was incorporated in the year 1990 to offer facility management services and business support services. Updater Services Ltd predominantly operates in the Business-to-Business (B2B) services space offering a range of business services.

  • Sep 21, 2023
Stocks in News Today

Our analysts at 5paisa scan through the financial markets and select the few trending stocks which were in the news and in the limelight for the day. Here is the list of a few trending stocks with their latest News and Updates.

  • Sep 21, 2023
Yatra Online IPO Subscribed 1.61 times at close

The ₹775 crore of Yatra Online IPO, consisted of a combination of fresh issue and offer for sale. The fresh issue was to the tune of ₹602 crore while the offer for sale (OFS) was worth ₹173 crore.

  • Sep 20, 2023