Business »  Topic »  Glenmark Pharma falls for second straight day; stock down 8% in 2 days

Glenmark Pharma falls for second straight day; stock down 8% in 2 days


With the past two day's decline, the share price of Glenmark Pharma has corrected 25 per cent from its 52-week high of Rs 573 touched on June 22, 2020.

With a thin pipeline (44 pending approvals) and low filings (8 in FY20), analysts at Emkay Global Financial Services expect US growth to remain moderate in the next few years.

Shares of Glenmark Pharmaceuticals were trading lower for the second straight day, down 5 per cent at Rs 428 on the BSE on Wednesday amid reports that the company has been charged with manipulating the prices of generic drugs sold ...


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