Gland Pharma share price jumps over 16% to 52-week high despite stock market crash. Should you buy the pharma stock?
New Delhi, May 18 -- Gland Pharma share price jumped over 16% in early trade on Monday to hit a fresh 52-week high after the company reported strong Q4 results. Gland Pharma shares surged as much as 16.22% to a new high of Rs.2,170 apiece on the BSE.
The rally in Gland Pharma shares comes despite the broader Indian stock market crash as surging crude oil prices stoked inflation concerns. The benchmark Sensex cracked over 900 points, while the Nifty 50 declined over 1% to slip below 23,400 level.
Gland Pharma shares spiked after the company reported better-than-expected Q4 results. The company's consolidated net profit spiked 96.6% year-on-year (YoY) for the fourth quarter of FY26 to Rs.366.6 crore, supported by higher revenue and improv...
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