Market Watch

Saturday, November 13, 2010

Glenmark Pharmaceuticals Ltd

Glenmark Pharmaceuticals Ltd(Hold)

Rs. 347.70 -13.85 (-3.83%)

Date: November 12, 2010

Ashuu Kakkarr - Tech Analyst, ashuukakkarr.com

The stock has support at 310-240 levels. The resistance is at 378-405 levels. Hold with a target of 465.




AK Prabhakar - Equity Analyst

The company has successfully completed phase III trials for its HIV associated diarrhea drug. The company would be selling it in 124 countries. Bullish on the stock so hold with a target of 450-475 in a year.