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Glenmark Pharmaceuticals Ltd sees good buying

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Capital Market
Last Updated : Apr 08 2020 | 1:31 PM IST

Glenmark Pharmaceuticals Ltd is quoting at Rs 230.75, up 1.23% on the day as on 12:54 IST on the NSE. The stock is down 64% in last one year as compared to a 24.49% slide in NIFTY and a 9.91% slide in the Nifty Pharma index.

Glenmark Pharmaceuticals Ltd is up for a third straight session today. The stock is quoting at Rs 230.75, up 1.23% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 8813.65. The Sensex is at 30035.93, down 0.1%. Glenmark Pharmaceuticals Ltd has slipped around 13.24% in last one month.

Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has slipped around 8.4% in last one month and is currently quoting at 8124.85, up 3.48% on the day. The volume in the stock stood at 33.5 lakh shares today, compared to the daily average of 34.57 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 232.3, up 1.07% on the day. Glenmark Pharmaceuticals Ltd is down 64% in last one year as compared to a 24.49% slide in NIFTY and a 9.91% slide in the Nifty Pharma index.

The PE of the stock is 5 based on TTM earnings ending December 19.

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First Published: Apr 08 2020 | 1:05 PM IST

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