SP Tulsian of sptulsian.com told CNBC-TV18, "The Apollo Pharmacy has stopped selling Ranbaxy products and we have been getting the scary news coming in. People are saying that things were all of the inferior quality and in the past also this trend has been going on. So, obviously it is a matter of trust when one is taking the medicine. If one keeps these things getting spread this is seen quite negative and quite bad. I do not know if one can really extrapolate these negatives beyond a point. Rs 350 seems to be the level where it should take support. It is better that if one takes a trading position in spite of having the positive view on the pharma, one should remain away from the stock."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
