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Pharma Index Slides: Ajanta Pharma Climbs Amidst Drop
24 Dec
Summary
- Nifty Pharma index closed down 0.51% at 22757.4 today.
- The index is up 1.00% over the last month and year.
- Benchmark Nifty 50 surged 10.18% in the past year.
The Nifty Pharma index concluded today's trading session with a decrease of 0.51%, settling at 22757.4. This marginal dip follows a period of stability, as the index has gained 1.00% over the last month and also shows a 1.00% increase over the past year.
Among the individual stocks within the pharmaceutical sector, Ajanta Pharma Ltd emerged as a strong performer, registering a gain of 2.49%. Conversely, Gland Pharma Ltd experienced a decline of 2.24%, and Mankind Pharma Ltd dropped by 1.63%.
In comparison to broader market movements, the Nifty Pharma index's annual performance of 1.00% lags significantly behind the benchmark Nifty 50 index, which has surged 10.18% over the same period. Other indices like Nifty IT and Nifty PSU Bank also saw minor declines today.
