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This is an archive article published on October 31, 2012

Glenmark Pharma shares rise 8%

Shares of Glenmark Pharmaceuticals today soared over 8 per cent after the company's consolidated net profit rose by nearly three-fold for the quarter ended September 30.

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Shares of Glenmark Pharmaceuticals today soared over 8 per cent after the company’s consolidated net profit rose by nearly three-fold for the quarter ended September 30.

After surging over 9 per cent during the day,shares of the company finally ended at Rs 426.90,up 7.94 per cent on the BSE.

At NSE,the stock closed at Rs 427.30,up 8.38 per cent.

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On the volume front,5.09 lakh shares of the company changed hands on the BSE,while more than 28 lakh shares were traded on NSE.

Glenmark Pharmaceuticals yesterday said its consolidated net profit rose by nearly three fold to Rs 156.75 crore for the quarter ended September 30,2012,mainly on account of robust sales across all segments.

The company had posted a net profit of Rs 56.58 crore for the quarter ended September 30,2011.

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