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Glenmark Pharmaceuticals Ltd slips for fifth straight session

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Glenmark Pharmaceuticals Ltd is quoting at Rs 559, down 0.6% on the day as on 13:24 IST on the NSE. The stock jumped 4.41% in last one year as compared to a 11.37% rally in NIFTY and a 3.6% spurt in the Nifty Pharma index.

Glenmark Pharmaceuticals Ltd dropped for a fifth straight session today. The stock is quoting at Rs 559, down 0.6% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 1.32% on the day, quoting at 11811.45. The Sensex is at 39345.38, up 1.38%.Glenmark Pharmaceuticals Ltd has lost around 12.82% in last one month.Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has eased around 8.97% in last one month and is currently quoting at 8497.6, up 1.15% on the day. The volume in the stock stood at 4.02 lakh shares today, compared to the daily average of 5.95 lakh shares in last one month.

 

The benchmark May futures contract for the stock is quoting at Rs 559.15, down 0.73% on the day. Glenmark Pharmaceuticals Ltd jumped 4.41% in last one year as compared to a 11.37% rally in NIFTY and a 3.6% spurt in the Nifty Pharma index.

The PE of the stock is 12.28 based on TTM earnings ending December 18.

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First Published: May 24 2019 | 1:35 PM IST

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