Gland Pharma Ltd drops for fifth straight session

Gland Pharma Ltd fell for a fifth straight session today. The stock is quoting at Rs 2833.6, down 0.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.24% on the day, quoting at 22406.15. The Sensex is at 72532.22, down 0.98%.Gland Pharma Ltd has eased around 2.2% in last one month.Meanwhile, Nifty Pharma index of which Gland Pharma Ltd is a constituent, has eased around 7.21% in last one month and is currently quoting at 25596.65, down 2.02% on the day. The volume in the stock stood at 2.88 lakh shares today, compared to the daily average of 4.04 lakh shares in last one month.

The PE of the stock is 33.4 based on TTM earnings ending June 26.