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Pharma Q4 outlook mixed with steady hospitals and generics pressure

Pharmaceuticals sector outlook for Q4 is mixed, with hospitals showing steady growth while generics face challenges from Revlimid sales decline. Lupin and Divi's are expected to perform well, while Sun Pharma benefits from strong domestic and international momentum.

pre-market1 source ↓written by the desknot a recommendation

The pharmaceuticals sector is facing a mixed outlook for Q4. Hospital chains are expected to show steady growth, while generic drugmakers are pressured by the absence of Revlimid sales. Lupin is projected to report strong growth in revenue and profit, while Divi's may benefit from improving contract development demand. Sun Pharma and Torrent are expected to maintain steady growth due to their diversified portfolios.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 May 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

LUPIN closed +1.9% on the day of the news, from ₹2,305.20 to ₹2,348.80; Nifty +0.5% over the same session; futures OI +2.0%.

Bulletin at 07:03 IST on 4 May 2026. Every change is measured from ₹2,305.20, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • LUPIN close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
LUPIN closes around the bulletin against the close before the news, with Nifty 50 rebased to it211723052493axis spans 18%before the news · 30 Apr2305Nifty 50LUPINbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 20,000Reference close ₹2,305.20. 16 sessions from 24 Apr to 18 May; the price axis spans 18 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before30 Apr₹2,305.20basebase
On the day4 May₹2,348.80▲ +1.9%▲ +0.5%+1.4 pp difference
+1 session5 May₹2,343.30▲ +1.6%▲ +0.1%+1.5 pp difference
+3 sessions7 May₹2,460.10▲ +6.7%▲ +1.4%+5.3 pp difference
+5 sessions11 May₹2,255.90▼ −2.1%▼ −0.8%−1.4 pp difference
Gap at the open, % · ₹
▲ +0.6%+14.75 on 4 May
Day's range, % · ₹
2.5%≈ 58 high to low
Volume on the day
1.18×the 20-session average
Futures OI on the day
▲ +2.0%+340 lots · long build-up · price +1.9%
Futures OI open, lots
17,0004 May · 26 May expiry
Futures premium, ₹
+2.70+0.1% to spot
Puts per call, by OI
0.63from 0.80 the session before
Max pain
2,320from 2,300 the session before

Source NSE UDiFF bhavcopy · LUPIN on the desk →

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