Expect Aurobindo Pharma to rally: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are little buying opportunities; at least Aurobindo Pharma is standing still. It has not broken down. My only sense is that most pharma stocks are now giving signs of distribution. There will be buying opportunities while they chop around the top of their ranges. I am expecting Aurobindo Pharma to show a rally enough to justify a short-term trade. It is not an intermediate term opportunity."

At 09:51 hrs Aurobindo Pharma was quoting at Rs 175.50, up Rs 0.05, or 0.03 percent. It has touched an intraday high of Rs 177.70 and an intraday low of Rs 172.25.

The share touched its 52-week high Rs 204.90 and 52-week low Rs 104.50 on 07 January, 2013 and 10 August, 2012, respectively. Currently, it is trading 14.35 percent below its 52-week high and 67.94 percent above its 52-week low. Market capitalisation stands at Rs 5,110.76 crore.

Also Read: Aurobindo Pharma Q4 net profit flat at Rs 108 cr

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