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Glenmark Pharmaceuticals Ltd slips for fifth straight session

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Glenmark Pharmaceuticals Ltd is quoting at Rs 324.6, down 0.75% on the day as on 13:19 IST on the NSE. The stock tumbled 48.21% in last one year as compared to a 10.83% rally in NIFTY and a 8.31% fall in the Nifty Pharma index.

Glenmark Pharmaceuticals Ltd dropped for a fifth straight session today. The stock is quoting at Rs 324.6, down 0.75% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.36% on the day, quoting at 11950.7. The Sensex is at 40485.64, down 0.47%.Glenmark Pharmaceuticals Ltd has added around 2.37% in last one month.Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has increased around 2.54% in last one month and is currently quoting at 8044.85, up 0.44% on the day. The volume in the stock stood at 16.06 lakh shares today, compared to the daily average of 73.44 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 325.3, down 1% on the day. Glenmark Pharmaceuticals Ltd tumbled 48.21% in last one year as compared to a 10.83% rally in NIFTY and a 8.31% fall in the Nifty Pharma index.

The PE of the stock is 8.11 based on TTM earnings ending September 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 04 2019. 13:35 IST
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