Glenmark Pharma share price has plunged 10% and is presently trading at Rs 1,634.7.
Meanwhile, the BSE HEALTHCARE index is at 43,479.0 .
Among the top losers in the BSE HEALTHCARE index today are LAURUS LABS (down 2.6%) and APOLLO HOSPITALS (down 1.9%).
Procter & Gamble Health (up 2.8%) and FDC (up 2.6%) are among the top gainers today.
Over the last one year, Glenmark Pharma has moved up from Rs 785.7 to Rs 1,634.7, registering a gain of Rs 849.0 (up 108.1%).
On the other hand, the BSE HEALTHCARE index has moved up from 28,646.0 to 43,479.0, registering a gain of 51.8% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 203.1%), SUVEN PHARMACEUTICALS (up 116.7%) and Glenmark Pharma (up 108.1%).
For Investors: Our Big Prediction
The BSE Sensex is at 79,658.2 (up 0.2%).
The top gainers among the BSE Sensex today are Tata Steel (up 1.3%) and HCl Tech. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,225.8 (up 0.4%). Hindalco and ONGC are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,975.6 to 79,658.2, registering a gain of 14,682.5 points (up 22.6%).
Glenmark Pharma net profit grew 803.0% YoY to Rs 3,402 million for the quarter ended June 2024, compared to a profit of Rs 377 million a year ago. Net sales rose 6.9% to Rs 32,442 million during the period as against Rs 30,361 million in April-June 2023.
For the year ended March 2024, Glenmark Pharma reported 1944.2% decrease in net profit to Rs -18,309 million compared to net loss of Rs 896 million during FY23. Revenue of the company grew 2.0% to Rs 118,131 million during FY24.
The current Price to earnings ratio of Glenmark Pharma, based on rolling 12 month earnings, stands at -30.2.
Equitymaster requests your view! Post a comment on "Glenmark Pharma Plunges 10%; BSE HEALTHCARE Index Up 0.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!