Glenmark Pharmaceuticals Ltd up for third consecutive session

Glenmark Pharmaceuticals Ltd is quoting at Rs 303.75, up 1.3% on the day as on 12:49 IST on the NSE. The stock is down 50.67% in last one year as compared to a 14.9% jump in NIFTY and a 17.03% jump in the Nifty Pharma index.

Oct 22, 2019 07:10 IST capital market

Glenmark Pharmaceuticals Ltd is up for a third straight session today. The stock is quoting at Rs 303.75, up 1.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 11658.85. The Sensex is at 39250.47, down 0.12%. Glenmark Pharmaceuticals Ltd has slipped around 13.84% in last one month.

Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has slipped around 1.08% in last one month and is currently quoting at 7608.15, up 2.16% on the day. The volume in the stock stood at 11.76 lakh shares today, compared to the daily average of 18.04 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 304.6, up 1.42% on the day. Glenmark Pharmaceuticals Ltd is down 50.67% in last one year as compared to a 14.9% jump in NIFTY and a 17.03% jump in the Nifty Pharma index.

The PE of the stock is 7.15 based on TTM earnings ending June 19.

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