Glenmark Pharmaceuticals Ltd
GLENMARK

929.95

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

932.85

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

937.25

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Buy
Reco. Price
Rs 930.00
We maintain 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. We value stock at 35x FY18E earnings. (Target Price - 1,089)
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50 DMA (.)
913.23
100 DMA (.)
909.91
200 DMA (.)
877.25
Weekly Range (.)
917.00
957.95
Monthly Range (.)
863.00
972.95
52 Weeks Range (.)
715.45
994.00
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