Glenmark Pharmaceuticals Ltd
GLENMARK

869.15

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

871.40

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

869.00

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Buy
Reco. Price
Rs 898.00
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 33x FY18E earnings. (Target Price - 1,052)
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50 DMA (.)
909.95
100 DMA (.)
903.28
200 DMA (.)
882.75
Weekly Range (.)
870.30
898.85
Monthly Range (.)
870.30
944.10
52 Weeks Range (.)
730.00
994.00
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