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Glenmark Pharma shares hit 52-week low as global brokerages cut target after weak Q1

Updated : August 16, 2019 12:45 PM IST

Shares of Glenmark Pharma fell 6 percent to its 52-week low of Rs 360.35 on Friday on poor June quarter results.
The sentiment was further affected as global brokerages cut their 12-month target price for the stock post the earnings.
Glenmark Pharma reported a 53 percent year-on-year (YoY) fall in its consolidated net profit at Rs 109.28 crore as against Rs 233 crore a year ago.
Glenmark Pharma shares hit 52-week low as global brokerages cut target after weak Q1

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