BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
CLSA downgrades Glenmark to sell
CLSA has downgraded Glenmark to sell from underperform. It says that balance sheet has deteriorated sequentially and cash flows may not allay debt concerns completely. Inability to generate free cash flow is a concern, adds CLSA.