Monday, 4 May 2015

Investment Opnion on Indian Stock Market

Glenmark Pharmaceuticals gains 1.1 pct.Bank of America Merrill Lynch upgrades stock to "buy" from "underperform"
Cites 32 pct sales CAGR in United States, positive impact of recent export promotion policy, and higher multiple on improving profitability as key reasons

Investment bank raises target price to 1,075 rupees from 825 rupees.Glenmark gets tentative ANDA approval for Calcipotriene cream, used for treating psoriasis.

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