Healthcare sector hits record high, with multiple stocks expected to have up to 15% upside.

From Business Standard: 2024-07-05 01:45:43

The NSE Healthcare index hit a record high at 12,947.55 with Glenmark Pharma, Divis Lab, and Cipla leading the pack in Friday’s trades. Key support for Nifty Healthcare stands at 12,800, while the index is on track to test 13,500 levels in the near future.

Glenmark Pharma stock is trading above its Bollinger Bands, with resistance at Rs 1,348. Lupin is expected to rise to Rs 2,042, while Laurus Labs and Dr Lal PathLabs are poised for positive growth with support at Rs 453 and Rs 2,895, respectively.

Zydus Lifesciences is showing strength above the Bollinger Bands, with support at Rs 1,135. Stocks across the healthcare sector are anticipated to see further gains, with resistance levels around Rs 1,170 for Zydus Lifesciences and Rs 1,950 for Dr Lal PathLabs.



Read more at Business Standard: Healthcare at new high; Lupin, Glenmark among 5 stocks for up to 15% upside | News on Markets