On Monday, this company released the fourth quarter results. In which the net profit of the company increased to Rs 260 crore. Due to better results of the company, market experts were assuming that there will be growth in this stock on Tuesday,
Gland Mark Pharma Share Price
It is often said in the stock market that you can earn millions in a day. However, this depends on your strategy. But today once again, the investors who put Gland Pharma claim on the pharma company in intraday got their bat. Shares of pharma company Gland Pharma have given 10.25 per cent returns to investors in just 4 hours in Tuesday’s trading session.
When the intraday of the stock market started in the trading session on Tuesday, the price of Gland Pharma Share was Rs 2938.75. But from the very beginning, this stock maintained a sharp lead and by 12.45 pm, the price of this stock reached Rs 3080.
This is how the earning of 1.42 lakh rupees
Gland Pharma’s share price recorded a jump of Rs 142 in about 4 hours from the market opening till 12.45 pm on Tuesday. Within this 4 hours, the investor who bought 1000 shares of this company in intraday, made a profit of 142 rupees on one share in only 4 hours. That is, the entire profit of 142000 rupees has been made on 1000 shares.
Why is there a strong rise in this stock
Actually, on Monday i.e. Monday, this company released the fourth quarter results. In which the net profit of the company increased to Rs 260 crore. Due to the better results of the company, market experts were assuming that there will be growth in this stock on Tuesday and it has been the same. The company’s net profit in the March quarter was Rs 260.4 crore, compared to Rs 194.79 crore in the same quarter last year. During this period, the company’s revenue also increased from Rs 635.2 crore to Rs 887.7 crore. The better results of the company have filled the backlog of investors who have claimed the stock today.
IPO came only in November
Gland Mark Pharma’s IPO came only in November last year. Which was India’s largest IPO for the pharma sector. Even before this IPO, the company had raised Rs 1,944 crore from anchor investors. Gland Pharma was an IPO of Rs 6,500 crore. This has been the largest IPO of any pharmaceutical company in the country so far. Earlier this record was in the name of Aris Lifesciences, which raised Rs 1,741 crore in 2017. Alkem Laboratories raised Rs 1350 crore in 2015 and Laurus Labs in 2016.
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