GlaxoSmithKline Pharmaceuticals declined 0.61% to Rs 3,503.25 at 15:30 IST on BSE after net profit dropped 5.09% to Rs 93.28 crore on 4.8% drop in total income to Rs 668.19 crore in Q1 June 2015 over Q1 June 2014.
The result was announced during market hours today, 31 July 2015.
Meanwhile, the S&P BSE Sensex was up 386.06 points or 1.39% at 28,091.41.
On BSE, so far 2,760 shares were traded in the counter as against average daily volume of 1,894 shares in the past one quarter.
Shares of pharma company hit a high of Rs 3,549.45 and a low of Rs 3,453 so far during the day. The stock had hit a record high of Rs 3,565.60 yesterday, 30 July 2015. The stock had hit a 52-week low of Rs 2,400 on 12 August 2014.
GlaxoSmithKline Pharmaceuticals said there was a decline in net sales of the pharmaceutical business by 5.6% in Q1 June 2015 over Q1 June 2014. The quarterly performance was impacted by supply constraints.
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