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Gland Pharma share rallies 15% on strong Q4 earnings

Gland Pharma share rallies 15% on strong Q4 earnings BusinessToday.In © India Today Group Gland Pharma share rallies 15% on strong Q4 earnings Gland Pharma share rose nearly 15 per cent to hit a fresh 52-week high of Rs 3512.20 on BSE today after the company reported a 23 per cent rise in its consolidated net profit in Q4. The company reported a consolidated net profit of Rs 260.4 crore for the quarter ended March 31 against net profit of Rs 194.7 crore in Q4 FY20. The stock ended 8.74 per cent higher at Rs 3331.55 against the previous close of Rs 3063.85. The stock has gained 43 per cent since the beginning of this year. Gland Pharma share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 54,501.80 crore.

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