GLENMARK:618 at 61.8% Target :1300 in an year. Stop:566
GLENMARK:618 is trading near a Bottom trend line support & a 61.8% retracement level of the past Bull run, showing a positive divergence is Daily chart 14 period RSI. Target :1300 in an year. Stop:566
Moreover it is a Fundamental call. Go on ADD it from the current level will be wise idea for a long term perspective.Stop:566
Market Cap.: ₹ 17,429.53 Cr.
Book Value: ₹ 344.03
Stock P/E: 8.63
Dividend Yield: 0.32%
Return on capital employed: 47.%
Dividend Payout: 2.64%
Number of equity shares: 28.22
EPS: ₹ 67.16
Expected quarterly EPS: ₹ 30.58
Debt to equity: 0.3
This is stand alone view. The consolidated view is having bit higher Debt.
Moreover it is a Fundamental call. Go on ADD it from the current level will be wise idea for a long term perspective.Stop:566
Book Value: ₹ 344.03
Stock P/E: 8.63
Dividend Yield: 0.32%
Return on capital employed: 47.%
Dividend Payout: 2.64%
Number of equity shares: 28.22
EPS: ₹ 67.16
Expected quarterly EPS: ₹ 30.58
Debt to equity: 0.3
This is stand alone view. The consolidated view is having bit higher Debt.
Comment:
Next support is around 525