An investor who must have invested one lakh rupees in this stock 6 months ago, his investment has increased to two lakh rupees.
Bumper bounce for the second consecutive day.
Pharma company Gland Pharma Share is running at its peak. After a strong rally in Tuesday’s trading session, the stock of this company made investors rich on Wednesday. Listed only 6 months ago, this stock has filled investors’ bets. In 180 days, this stock has given double profits. It has risen by over 96 per cent in these six months.
An investor who must have invested one lakh rupees in this stock 6 months ago, his investment has increased to two lakh rupees. After Tuesday, there is a bumper jump in its stock on Wednesday as well. Today, its stock closed at 3341 levels on NSE with a gain of 9.11 percent (jump of 278 rupees). During the business, it reached the level of Rs 3514 today, which is a new record. The stock had gained 9.64 percent on Tuesday. The company’s market cap is currently close to 55 thousand crores.
17 percent jump in a week
The stock has jumped about 17 per cent in the last week, 21 per cent in a month, 39 per cent in three months and 43 per cent so far this year. Gland Pharma’s IPO came only in November last year. The share of this company was listed on 20 November 2020. Gland Pharma was an IPO of 6500 crores. This has been the largest IPO of any pharmaceutical company in the country so far. Earlier this record was in the name of Aris Life Sciences, which raised Rs 1741 crore in 2017. Alkem Laboratories raised Rs 1350 crore from the IPO in 2015 and Laurus Labs in 2016.
The share was listed at Rs 1710 on the NSE
The bidding price for this IPO was Rs 1490–1500. It received more than twice the subscription. The stock was listed at Rs 1710, up 14 per cent on the NSE. According to the information available on the NSE, on November 20, its stock touched a level of Rs 1700, which is its 52-week low. It has increased by 96 per cent compared to that day. This means if someone had invested Rs 1 lakh on that day, then today its value would have been 1.96 lakh rupees.
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