Glenmark Pharmaceuticals Ltd up for third consecutive session

Glenmark Pharmaceuticals Ltd is up for a third straight session today. The stock is quoting at Rs 2030, up 1.9% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.6% on the day, quoting at 26122.1. The Sensex is at 85390.89, up 0.54%. Glenmark Pharmaceuticals Ltd has gained around 10.18% in last one month.

Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has gained around 1.78% in last one month and is currently quoting at 22751.25, up 0.62% on the day. The volume in the stock stood at 4.29 lakh shares today, compared to the daily average of 6.81 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 2037, up 2.12% on the day. Glenmark Pharmaceuticals Ltd is up 30.92% in last one year as compared to a 9.97% jump in NIFTY and a 1.42% jump in the Nifty Pharma index.

The PE of the stock is 38.18 based on TTM earnings ending September 25.

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