India's GlaxoSmithKline Pharma hits near two-year high

GlaxoSmithKline Pharmaceuticals

20/11/2023 10:09

** Shares of GlaxoSmithKline Pharmaceuticals  GLAX.NS  rise
as much as 6.2% to 1,675 rupees, highest since Jan. 24, 2022
    ** Reuters could not immediately ascertain the reason for
the stock movement
    ** Stock has risen 13.7% since reporting Q2 profit climb on
Nov. 9
    ** Over 553,000 shares change hands as of 3:26 p.m. IST, 5X
the 30-day moving average
    ** Mean rating of five analysts is "hold"; median PT is
1,515 rupees - LSEG data
    ** Stock up 25% YTD 

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))