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Glenmark Pharmaceuticals Ltd drops for fifth straight session

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Capital Market
Last Updated : Feb 01 2020 | 1:50 PM IST

Glenmark Pharmaceuticals Ltd is quoting at Rs 308.75, down 0.47% on the day as on 13:19 IST on the NSE. The stock tumbled 52.23% in last one year as compared to a 8.33% rally in NIFTY and a 7.84% fall in the Nifty Pharma index.

Glenmark Pharmaceuticals Ltd fell for a fifth straight session today. The stock is quoting at Rs 308.75, down 0.47% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.17% on the day, quoting at 11821.6. The Sensex is at 40329.6, down 0.97%.Glenmark Pharmaceuticals Ltd has eased around 12.76% in last one month.Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has increased around 0.83% in last one month and is currently quoting at 8138.6, down 0.21% on the day. The volume in the stock stood at 9.57 lakh shares today, compared to the daily average of 17.75 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 307.55, down 1.39% on the day. Glenmark Pharmaceuticals Ltd tumbled 52.23% in last one year as compared to a 8.33% rally in NIFTY and a 7.84% fall in the Nifty Pharma index.

The PE of the stock is 7.7 based on TTM earnings ending September 19.

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First Published: Feb 01 2020 | 1:35 PM IST

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