BUDGET 2012

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SENSEX	21,856.22	29.80
NIFTY	6,516.90	5.00

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Pharmaceuticals

Shasun inks pact with SeQuent Scientific to form JV The company has signed the joint venture agreement with SeQuent to develop, manufacture and sell veterinary products inc Biosimilars is the next big thing for generic cos: Biocon US fears for patents on next-generation drugs in India Expect royalty of USD 2-2.5 m from Taro: Suven Life Delay in clinical trials approval affecting pharma sector Dr Reddy's launches antibiotic drug in US market

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STOCK RECOMMENDATION

Stock Advice

Lupin may move higher, says Sudarshan Sukhani

Prefer Cipla, Sun Pharma, Dr Reddys: Phani Sekhar

Short Ranbaxy Laboratories: Sudarshan Sukhani

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Broker Reports

Buy Pfizer; target of Rs 1270: Firstcall Research

Buy Dr Reddys Laboratories; target of Rs 3239: ICICIdirect

Buy Biocon, Andhra Bank: Systematix

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Budget 2012

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