BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Macquarie maintains buy on Glenmark
Macquarie has maintained 'outperform' on Glenmark for target price of Rs 1,140 per share. It says Glenmark's valuations look attractive as it is trading at price to earnings ratio of 12 times FY18 EPS. Macquarie adds that Glenmark is one of their top picks and incremental approval from the US is crucial. Zetia launch will be a key catalyst for the stock going ahead.