Glenmark Pharmaceuticals Ltd
GLENMARK

894.95

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Turnover (lac)
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Day's Vol.(shares)

889.50

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

896.80

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Buy
Reco. Price
Rs 890.60
We recommend BUY backed by expected EPS growth of 18% CAGR over FY16-18. We believe the FCCB issuance will help the company to reduce forex volatility in its debt obligations and bring down the cost of debt. Increasing market share in Teneligliptin & Mupricon cream, are likely to be the key drivers for the stock’s performance. The stock is trading at 33x on FY18E earnings. (Target Price- Rs.1,052)
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50 DMA (.)
898.54
100 DMA (.)
901.59
200 DMA (.)
892.91
Weekly Range (.)
875.35
901.85
Monthly Range (.)
830.00
915.90
52 Weeks Range (.)
730.00
994.00
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