India's Glenmark Life Sciences surges ahead of dividend record date

Alivus Life Sciences

17/03/2023 05:42

** Shares of pharmaceutical company Glenmark Life Sciences
 GLEM.NS  rise as much as 8.02% to 417.7 rupees, their highest
in over two months since Jan. 12
    ** Stock's sharpest intraday pct gain since Oct. 11
    ** Co on track for third consecutive week of gains, if
trends hold 
    ** GLEM declared interim dividend of 21 rupees per share,
with the record date set as March 24
    ** About 266,316 shares change hands, as of 10:58 a.m. IST,
2.4x 30-day average of 111,154 shares 
    ** Stock down 7.96% YTD as of last close, after losing
33.42% in 2022

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))