



Pharma Sector: "Once bitten..."Posted AtSify.comRanbaxy results, which were much below
the market expectations, have impacted stocks from the
pharma sector. This is seen from the fall in BSE Healthcare
index, which includes pharma companies, by 3.27 per
cent on Monday, the highest fall among all the sectoral
indices. In the last one week, this index is down 8.51
per cent.Dealers said the results from Ranbaxy have
turned traders cautious as they feel that other pharma
companies' performance may also not be very good.The
talk is that several companies, which are exporters
of drugs, could be the worst affected as prices of several
of the drugs in the international market have fallen
sharply in the last few quarters. Among the stocks to
fall on Monday include Ranbaxy, Biocon, Dr Reddy's Laboratories,
Lupin, Aurbindo Pharma, Sun Pharma and Divi's Laboratories. October 25, 2005
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