Glenmark Pharmaceuticals Ltd up for third straight session

Glenmark Pharmaceuticals Ltd gained for a third straight session today. The stock is quoting at Rs 2315, up 2.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.19% on the day, quoting at 22705.75. The Sensex is at 73291.61, down 0.42%. Glenmark Pharmaceuticals Ltd has slipped around 5.18% in last one month.

Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has slipped around 1.54% in last one month and is currently quoting at 26267.25, up 0.96% on the day. The volume in the stock stood at 2.34 lakh shares today, compared to the daily average of 6.53 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 2316.6, up 1.43% on the day. Glenmark Pharmaceuticals Ltd is up 25.59% in last one year as compared to a 12.85% slide in NIFTY and a 18.23% slide in the Nifty Pharma index.

The PE of the stock is 43.86 based on TTM earnings ending June 26.

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