Pharma stocks update: IPCA Labs up 3.27%, JB Chem 3.18%, Glenmark 2.90%, Torrent Pharma 2.43%, Divis Labs 2.51%

The pharmaceutical sector showed strong momentum today, with multiple stocks posting notable gains by mid-afternoon. Investors showed increased confidence in pharma companies, driving up their stock prices. Below is a summary of the key performers in the sector:

  • IPCA Laboratories shares surged by 3.27%, trading at ₹1535.00, marking a significant boost in investor sentiment.
  • JB Chemicals & Pharmaceuticals recorded a 3.18% rise, reaching ₹1756.30 as investors showed confidence in the company’s performance.
  • Glenmark Pharmaceuticals also advanced by 2.90%, with its shares trading at ₹1723.75.
  • Torrent Pharmaceuticals saw a healthy increase of 2.43%, with its stock price climbing to ₹3487.85.
  • Divi’s Laboratories rose by 2.51%, trading at ₹5539.90, continuing its positive trend in the market.
  • Ajanta Pharma gained 2.12%, with shares priced at ₹3380.10.
  • Granules India saw a rise of 1.75%, trading at ₹557.75.
  • Natco Pharma also experienced gains, up 1.43% at ₹1421.70.
  • Mankind Pharma climbed 1.60%, with its shares trading at ₹2602.75.
  • Cipla recorded an increase of 1.29%, reaching ₹1645.65.

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