Home / Business and Economy / Ajanta Pharma Ltd Rallies for Fifth Straight Session
Ajanta Pharma Ltd Rallies for Fifth Straight Session
4 Dec
Summary
- Ajanta Pharma stock has risen for five consecutive sessions.
- The stock is currently up 0.12% as of 12:44 IST.
- Ajanta Pharma has climbed approximately 1.59% in the past month.
Ajanta Pharma Ltd has demonstrated consistent upward momentum, marking its fifth consecutive session of gains. The pharmaceutical company's stock was trading at Rs 2,609.7, reflecting a 0.12% increase as of 12:44 IST on the NSE. This recent performance builds upon a month-long rally, during which Ajanta Pharma's shares appreciated by approximately 1.59%.
In the broader market context, the benchmark NIFTY index registered a slight increase of 0.09% on the same day, while the Sensex experienced a minor dip. The Nifty Pharma index, a key sector indicator, has seen a more significant surge of 2.76% over the past month, though it saw a slight decline of 0.19% on the day of reporting.
The trading volume for Ajanta Pharma on this day was 19,677 shares, which is notably lower than its monthly average of 72,529 shares. The stock's Price-to-Earnings (PE) ratio, calculated on trailing twelve months earnings ending September 25, stands at 34.25.
