Glenmark Pharmaceuticals Surges 3.11%, Outperforming Sector and Sensex

Dec 27 2024 11:35 AM IST
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Glenmark Pharmaceuticals Ltd. has been added to MarketsMojo's list following a revision in its score, reflecting its strong recent performance. The stock outperformed its sector and the broader market, demonstrating resilience with consistent gains over the past days and a solid monthly return, indicating a stable outlook.
Glenmark Pharmaceuticals has shown a notable performance in the stock market, gaining 3.11% on December 27, 2024. This increase has allowed the company to outperform its sector by 1.9%. Over the past two days, Glenmark's stock has consistently risen, accumulating a total return of 3.12%.

On this particular trading day, the stock reached an intraday high of Rs 1592.9, reflecting a 3.1% increase. An analysis of moving averages indicates that the stock is currently above its 5-day, 20-day, and 200-day moving averages, while it remains below the 50-day and 100-day moving averages.

In terms of broader market performance, Glenmark Pharmaceuticals recorded a 1-day performance of 2.94%, significantly outperforming the Sensex, which saw a modest gain of 0.49%. Over the past month, Glenmark's stock has increased by 4.47%, contrasting with the Sensex's decline of 1.71%. This performance highlights Glenmark's strong position within the pharmaceuticals and drugs industry.
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