Stock of the day : Glenmark Pharmaceuticals Ltd For Target Rs. 950 - Religare Broking
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Glenmark Pharmaceuticals Ltd
* Pharma sector witnessing consistent buying interest and Glenmark with in the space offering fresh buying opportunity.
* It has witnessed a fresh breakout from the consolidation range which continued for more than four months.
* The uptick in volumes and positive positioning of momentum indicator suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned range.
Buy Glenmark Pharmaceuticals Ltd CMP 888.80; Range 886-890; SL 860; Target 950
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SEBI Registration number is INZ000174330
