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GlaxoSmithKline Pharma slides on poor Q3 earnings

Capital Market / 09:58 , Nov 08, 2011

GlaxoSmithKline Pharmaceuticals lost 2.11% to Rs 2065 at 09:55 IST on BSE, after net profit fell 7.6% to Rs 145.86 crore on 4.3% rise in total income to Rs 614.62 crore in Q3 September 2011 over Q3 September 2010.

Meanwhile, the BSE Sensex was down 9.81 points, or 0.06%, to 17,552.80

On BSE, 646 shares were traded in the counter as against average daily volume of 4,021 shares over the past two weeks.

The stock hit a high of Rs 2090 and a low of Rs 2045 so far during the day. The stock had hit a record high of Rs 2475 on 14 June 2011 and a 52-week low of Rs 1905 on 26 November 2010.

The large-cap pharmaceuticals firm has an equity capital of Rs 84.70 crore. Face value per share is Rs 10.

 



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