Buy Glenmark Pharmaceuticals, target Rs 580: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Glenmark Pharmaceuticals with a target price of Rs 580.

The current market price of Glenmark Pharmaceuticals is Rs 566.85.

Time period given by the analyst is Intra Day when Glenmark Pharmaceuticals price can reach defined target.


Dr CK Narayan recommended keeping a stop loss at Rs 560.

Glenmark Pharmaceuticals, incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 15,994.70 Crore) operating in Pharmaceuticals and health care sector.

The company’s top management includes Dr.Brian W Tempest, Mr.Bernard Munos, Mr.D R Mehta, Mr.Glenn Saldanha, Mr.Julio Ribeiro, Mr.Milind Sarwate, Mr.Murali Neelakantan, Mr.Rajesh V Desai, Mr.Sridhar Gorthi, Mrs.B E Saldanha, Mrs.Cherylann Pinto.

The company has Walker, Chandiok & Co.LLP as its auditors.

As on 31-12-2017, the company has a total of 282,168,156 shares outstanding.