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Glenmark Pharmaceuticals Ltd sees smashing rally

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Glenmark Pharmaceuticals Ltd is quoting at Rs 350.45, up 16.43% on the day as on 12:49 IST on the NSE. The stock is down 45.77% in last one year as compared to a 10.47% jump in NIFTY and a 16.59% jump in the Nifty Pharma index.

Glenmark Pharmaceuticals Ltd gained for a third straight session today. The stock is quoting at Rs 350.45, up 16.43% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 11890.75. The Sensex is at 40332.62, down 0.06%. Glenmark Pharmaceuticals Ltd has gained around 17.17% in last one month.

 

Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has gained around 1.21% in last one month and is currently quoting at 7720.6, up 1.55% on the day. The volume in the stock stood at 179.64 lakh shares today, compared to the daily average of 23.16 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 351.8, up 16.76% on the day. Glenmark Pharmaceuticals Ltd is down 45.77% in last one year as compared to a 10.47% jump in NIFTY and a 16.59% jump in the Nifty Pharma index.

The PE of the stock is 7.19 based on TTM earnings ending June 19.

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First Published: Nov 18 2019 | 1:05 PM IST

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