Glaxosmithkline Pharma Ltd
GLAXO

2,739.00

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2,754.35

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Reco. Price
Rs 2741.30
We recommend REDUCE on the stock on account of pricing pressure by the government. The stock is trading at a P/E of 62.5x which is quite expensive We target stock to trade at a P/E of 53.35x in FY17E. (Target Price: Rs.2575)
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50 DMA (.)
2,716.46
100 DMA (.)
2,720.52
200 DMA (.)
2,947.64
Weekly Range (.)
2,702.10
2,780.00
Monthly Range (.)
2,656.20
2,780.05
52 Weeks Range (.)
2,600.00
3,872.00
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