Gland Pharma dropped 4.03 per cent to open at Rs 1,892.50. Zydus Life fell 3.54 per cent to open at Rs 990.55. Natco Pharma slipped 2.7 per cent, Aurobindo Pharma declined 2.45 per cent
MOFSL has increased its earnings estimates for Gland Pharma by 9% for FY26 and 3% for FY27, citing the scale-up of GLP-1 products and potential launches in the US and EU markets.
Aurobindo Pharma and Gland Pharma have fallen 9 per cent each in the past one week and 22-23 per cent in 2025 so far. Glenmark Pharma is down 9 per cent for the week month period and 14 per cent year-to-date.
Gland Pharma surged 7.33 per cent to Rs 1,647.65. Aurobindo Pharma, the largest Indian generic company with US sales, soared 6.53 per cent to Rs 1,234.35. Lupin climbed 6.35 per cent Rs 2,137.
SMC Global Securities said that Gland Pharma recovered sharply and once again reclaimed its 200-DEMA on daily charts, after marking a 52 week low of Rs 1,585.70 in month of October 2024.
"The inspection was concluded, and the Facility received an official notification on December 24, 2024, citing 10 observations. Cenexi is committed to working closely with the ANSM to address the Observations and will provide further updates to the exchanges as they become available," Gland Pharma stated.
Gland Pharma Q2 FY25: The generic injectable-focused company's consolidated net profit declined to Rs 163.5 crore in Q2 FY25 from Rs 194 crore in the year-ago period. Consolidated revenue, however, increased 2 per cent year-on-year (YoY) to Rs 1,405.8 crore.
The two selling entities- Nicomac Machinery and RP Advisory Services- are connected to Dr Ravi Penmetsa, who is the former promoter of Gland Pharma.
The stock has recovered over 100 per cent from its 52-week low of Rs 861.50
Bajaj Finance retraced back towards its 200-day exponential moving average on daily charts and seen consolidating in broader range of Rs 7,000-7,700 since then.
On Friday, the 30-share BSE Sensex pack slipped 48 points or 0.07% to close at 65,970, while the broader NSE Nifty index moved 7 points or 0.04% down to end at 19,795.
"Where Patience Meets Precision. - AU Small Finance Bank Proudly Partners With Business Today Golf.”




