Gland Pharma stock news

Gland Pharma shares fall 6% as ex-promoter likely sells stake in block deals

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Gland Pharma shares fall 6% as ex-promoter likely sells stake in block deals

Shares of Gland Pharma fell up to 6% to the day’s low of Rs 1,745 on BSE in Tuesday’s trade after entities related to ex-promoter Dr Ravi Penmetsa likely sold 5.5% equity in the company. Large block deals of nearly 91 lakh shares were reported today in which shares worth about Rs 1,600 crore changed … Read more

Gland Pharma stock lose 24% of its value in 3 days. What’s spooking investors?

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Gland Pharma stock lose 24% of its value in 3 days. What’s spooking investors?

Shares of fell as much as 24% to Rs 1,681 per share in the last three trading sessions on the BSE after the company reported a fall of 20.14% in consolidated net profit to Rs 241.24 crore due to lower sales and higher expenses. In the second quarter of FY22, the profit after tax (PAT) … Read more