Quote on Glenmark Life Science IPO Listing gain by Mr. Yash Gupta, Angel Broking Ltd
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Below is quote on Glenmark Life Science IPO Listing gain by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Glenmark Life Science IPO list at ₹792, up by 10% from the IPO price of ₹720.
Glenmark Life Science is now trading at price to earnings of 24.1 times. We suggesting short term investors to book profit at ₹792 and long-term investors can remain invested as we believe that the company will perform better in the Medium to Long term. We have given a subscribe rating to Glenmark Life Science IPO.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
