2025-06-03 12:13:42 pm | Source: Religare Broking
Stock of the day : Glenmark Pharmaceuticals Ltd For Target Rs. 1590 - Religare Broking Ltd
Glenmark Pharmaceuticals Ltd
Buy Glenmark Pharmaceuticals Ltd CMP 1497.50 Range 1495-1500 SL 1445 Target 1590
* The stock has given a breakout from a broader consolidation, after trading for nearly two months within that range.
* Additionally, it has recaptured its short to long term key moving averages, which reinforces the positive momentum.
* The recovery led by formation of subsequent bullish candles with notable rise in volumes suggests buying interest from lower levels.
* One can consider taking long position at the mentioned levels.
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