GLENMARK PHARMA Plunges by 14%; BSE HEALTHCARE Index Down 7.8%

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GLENMARK PHARMA Plunges by 14%; BSE HEALTHCARE Index Down 7.8%
Fri, 13 Mar 09:44 AM

GLENMARK PHARMA share price has plunged 14% and is presently trading at Rs 198.

Meanwhile, the BSE HEALTHCARE Index is at 11,870 (down 7.8%).

Among the top losers in the BSE HEALTHCARE Index today are GLENMARK PHARMA (down 13.8%) and DR. LAL PATHLABS LTD (down 10.2%).

Over the last one year, GLENMARK PHARMA has moved down from Rs 634 to Rs 198, registering a loss of Rs 436 (down 68.8%)..

The BSE HEALTHCARE has moved down from 14,333 to 11,870, loss of 2,463 points (down 17.2%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 70.0%), J.B.CHEMICALS (up 41.1%) and DR. LAL PATHLABS LTD (up 37.1%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 31,221 (down 9.4%).

In the meantime, NSE Nifty is at 9,133 (down 10.1%).

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,221, registering a loss of 6,315 points (down 20.91%).

GLENMARK PHARMA Financial Update...

GLENMARK PHARMA net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 7.1% to Rs 27.4 billion during the period as against Rs 25.6 billion in October-December 2018.

For the year ended March 2019, GLENMARK PHARMA reported 5.7% decrease in net profit to Rs 7.6 billion compared to net profit of Rs 8.0 billion during FY18.

Revenue of the company grew 8.4% to Rs 99 billion during FY19.

The current Price to earnings ratio of GLENMARK PHARMA, based on rolling 12 month earnings, stands at 6.8x.



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