The earning numbers a mostly in line with estimates and Angel Broking keeps a neutral rating on the stock, says Sarabjit Kour Nangra of Angel Broking.
CNBC-TV18's Sumaira Abidi spoke with Sarabjit Kour Nangra, VP-Research at Angel Broking and Surajit Pal, AVP-Analyst Pharma at Prabhudas Lilladhar about healthcare sector at length.
Shetty says that she has her doubts on a possible revival of revenues saying that the eight drugs bought from Teva for the US market, will take till 2019 to affect Dr Reddy's revenues.
Ravi Menon of Elara Capital, in an interview to CNBC-TV18, said there is some uptick in capex in the energy space which might provide some fillip to Wipro's IT business in the coming years. However, for now this vertical will prove to be a drag.
Sarabjit Kour Nangra of Angel Broking said that she was disappointed with the guidance number as Wipro has made a few acquisitions and sees a sharp down trend in its stock on Thursday.
Rahul Jain of Systematix Shares and Stocks pointed out that contribution from the digital segment has seen good improvement, adding, he expects this segment to provide reasonable incremental revenue going forward.
As per USFDA guidelines, Form 483 notifies a company's management of objectionable conditions following inspection of manufacturing plant or units.
“Wipro Digital, the digital business unit of Wipro, announced its intention to acquire Designit, an award winning and global strategic design firm specializing in designing transformative product-service experiences," said the company in its filing to the exchange.
"PNMsoft, a global provider of intelligent BPM software solutions, has collaborated with Indian IT exporter Tech Mahindra to offer superior customer experiences," said the company in its filing to the exchange.
Shares of Infosys rallied 1.7 percent intraday Thursday on reports that the country's second largest IT services exporter may meet NASSCOM's FY16 guidance.
Sarabjit Kour Nangra, VP- Research, Angel Broking, believes it to be the Ranbaxy effect. However, she says 14.5 percent is very low, because after consolidation she was looking at closer to 30 percent.
Infosys posted 0.4 percent decline in constant currency revenue growth at USD 2,208 million during the quarter, which was far lower than its peers TCS (1.6 percent growth), HCL Technologies (2.7 percent) and Wipro (1.2 percent).
Investors offloaded a huge chunk of shares of Ipca Laboratories on Friday. The stock fell nearly 9 percent intraday. The pharmaceutical firm received import alert from US Food and Drug Administration for its Ratlam unit due to violations of standard production practices.
Nangra believes that most pharma stocks are trading at fair valuations post the recent run-up in the market. She likes Dr Reddys and IPCA Labs in the space.
Ranbaxy Laboratories's fourth-quarter net loss narrowed to Rs 158.94 crore, mainly on account of higher sales of its Absorica acne drug.
But Daljit Singh Kohli, IndiaNivesh Securities advises investors to tender in the offer and get out.
This import alert is a huge negative for Ranbaxy because this is relatively a new facility, which the company was betting on for growth going forward, says Sarabjit Kour Nangra of Angel Broking.
Sarabjit Kour Nangra of Angel Broking believes that India‘s drug pricing policy impacted Lupin‘s earnings for June quarter. The pharmaceutical major posted a 43 percent net profit year-on-year (YoY), but revenues rose lower-than-expected 10 percent YoY.
Ranbaxy and Cipla were at 52 week highs on Monday. Kour expects Cipla to perform well going ahead. She is bullish on this stock; however, she is cautious on Ranbaxy.
Chirag Talati, pharma analyst, Espirito Santo Securities says the RBI's move to boost the Indian currency by asking exporters to convert 50% of their foreign exchange holdings into rupees will not have a significant impact on pharma companies.
In an interview on CNBC-TV18, Sarabjit Kour Nangra, VP - Research, Angel Broking Ltd and Manoj Garg, Institutional Equities - Research, Edelweiss Securities give a detailed view on how to play select stocks in the pharma sector.
Buy Cadila Healthcare on dips, says Sarabjit Kour Nangra, VP - Research, Angel Broking.
Sarabjit Kour Nangra, VP - Research, Angel Broking is neutral on Sun Pharma.