GLENMARK PHARMA Surges by 12%; BSE HEALTHCARE Index Up 2.9%

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GLENMARK PHARMA Surges by 12%; BSE HEALTHCARE Index Up 2.9%
Thu, 26 Mar 12:30 PM

GLENMARK PHARMA share price has zoomed 12% and is presently trading at Rs 216.

Meanwhile, the BSE HEALTHCARE Index is at 11,853 (up 2.9%).

Among the top Gainers in the BSE HEALTHCARE Index today are GLENMARK PHARMA (up 11.5%) and PIRAMAL ENTERPRISES (up 35.0%).

STRIDES PHARMA SCIENCE and SHILPA MEDICARE (down 0.8%) are among the top losers today.

Over the last one year, GLENMARK PHARMA has moved down from Rs 636 to Rs 216, registering a loss of Rs 420 (down 66.4%).

On the other hand, the BSE HEALTHCARE has moved down from 14,114 to 11,853, loss of 2,261 points (down 16.6%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 93.7%), J.B.CHEMICALS (up 50.8%) and IPCA LABS (up 45.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 30,100 (up 4.9%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 48.0%), AXIS BANK (up 19.0%) and ICICI BANK (up 10.7%). Other gainers include HDFC (up 9.2%) and HERO MOTOCORP (up 8.5%). The most traded stocks in the BSE Sensex are L&T and SBI.

In the meantime, NSE Nifty is at 8,749 (up 4.6%). The top gainers in the NSE Nifty include INDUSIND BANK (up 48.0%), AXIS BANK (up 21.3%) and ICICI BANK (up 11.0%). Other gainers include HDFC (up 8.9%) and HERO MOTOCORP (up 8.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 30,100, registering a loss of 7,709 points (down 20.86%).

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 8.4x.



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