India's GlaxoSmithKline Pharma gains after Q4 profit rise; PT hike

GlaxoSmithKline Pharmaceuticals

14/05/2026 07:55

** Shares of India's GlaxoSmithKline Pharmaceuticals GLAX.NS jump as much as 2.26% to 2,466.20 rupees

** Pharma company's quarterly profit rose 5.7% to 2.78 billion rupees ($28.98 million); revenue was up ~2.1%

** Motilal Oswal lifts PT by 8% to 2,600 rupees on improving earnings visibility led by scale-up of innovative portfolio

** Expects 16% earnings CAGR over FY26–FY28; largely maintains estimates for FY27 and FY28

** YTD, stock down ~2%

($1 = 95.9275 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))