Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Cadila Healthcare had a breakdown yesterday but I don't think that is reflected in the rest of the pharma space. Overall I think we should look for levels of Rs 250-260 the way it has broken down. However at best it can be ignored because of too much news flow. I think other stocks like Strides Shasun or Wockhardt, even Ajanta Pharma are much better midcap stocks."Cadila Healthcare closed at Rs 320.80, down Rs 2.40, or 0.74 percent. It has touched an intraday high of Rs 328.30 and an intraday low of Rs 313.60.
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