Glenmark Pharmaceuticals Ltd gains for third straight session

Glenmark Pharmaceuticals Ltd gained for a third straight session today. The stock is quoting at Rs 1757.95, up 1.9% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 24419.55. The Sensex is at 80155.08, up 0.85%. Glenmark Pharmaceuticals Ltd has gained around 4.95% in last one month.

Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has gained around 0.45% in last one month and is currently quoting at 22661.25, up 0.94% on the day. The volume in the stock stood at 3.12 lakh shares today, compared to the daily average of 6.36 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1758, up 1.44% on the day. Glenmark Pharmaceuticals Ltd is up 131.57% in last one year as compared to a 25.83% jump in NIFTY and a 49.79% jump in the Nifty Pharma index.

The PE of the stock is 30.09 based on TTM earnings ending June 24.

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