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Glenmark Pharmaceuticals Ltd in demand

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Capital Market

Glenmark Pharmaceuticals Ltd is quoting at Rs 343, up 1.77% on the day as on 12:54 IST on the NSE. The stock is down 45.01% in last one year as compared to a 19.32% drop in NIFTY and a 3.05% drop in the Nifty Pharma index.

Glenmark Pharmaceuticals Ltd is up for a third straight session in a row. The stock is quoting at Rs 343, up 1.77% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 5.1% on the day, quoting at 9357.1. The Sensex is at 31958.93, down 5.22%. Glenmark Pharmaceuticals Ltd has risen around 50.47% in last one month.

 

Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has risen around 16.56% in last one month and is currently quoting at 9327.1, up 1.53% on the day. The volume in the stock stood at 63.96 lakh shares today, compared to the daily average of 96.52 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 343.4, up 1.57% on the day. Glenmark Pharmaceuticals Ltd is down 45.01% in last one year as compared to a 19.32% drop in NIFTY and a 3.05% drop in the Nifty Pharma index.

The PE of the stock is 7.4 based on TTM earnings ending December 19.

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First Published: May 04 2020 | 1:05 PM IST

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