Long
Glenmark Lifescience, can we go long now?
More of a techno funda stock, good capex going on... management rewarding shareholders with handsome divided (yield is like 4% at this price), margin pressure in the results of this quarter is more than discounted in the price, EBITA has fallen from 31% to 28% Y on Y...the stock has stopped falling and consolidating as it should in the 450-500 levels...the ROCE and ROC looks sterling...
Trade closed: stop reached
trade is not working....stop loss hit...better to exit and wait for price to reenter support
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