Analyst bullish on Alkem Laboratories above ₹5,400

Pharma stocks were among the prime focus sectors on Wednesday, with several names rallying on renewed investor interest. Alkem Laboratories is one such pharma stock, gaining 6% in a month. Analyst Akhilesh Jat said a decisive move above the ₹5,400 level is likely to trigger further upward momentum, supported by positive technical indicators.