Stock Forecast – Pharma

Stock Forecast 10.07.2019

Company Name     :        GLENMARK PHARMA

Sector                       :        PHARMA

Positives Views

  1. Currently received USFDA approvals for (1) Anti-Anginal Drug and (2) Chlestrol Lowering Drugs
  2. Scrip is now trading at the year low of Rs.447/-
  3. New market opening in China

Negative Views

  1. Pricing of drugs in US market

 

Current fluctuation

Current Rate:   447 Target:  550, Duration: long term