Sell Glenmark Pharmaceuticals., target Rs 826: Microsec Capital

Microsec Capital Ltd has Sell call on Glenmark Pharmaceuticals Ltd. with a target price of Rs 826. The current market price of Glenmark Pharmaceuticals Ltd. is 842.35. Time period given by analyst is Intra Day, when Glenmark Pharmaceuticals Ltd. price can reach defined target. Microsec Capital Ltd recommended to keep stop loss at Rs 860. The stock has hit a high of Rs 849.90 and a low of Rs 838 in day's trading so far. The stock has hit a 52-week high of Rs 1262.90 and a low of Rs 671.10. The scrip is moving above its 20-day and 50-day moving averages. The stock is trading at a P/E of 16.2 and a price-to-book value of 5.57.