Glenmark
15.02.2022 - MS on Glenmark Maintain Underweight CMP 478 Target 489 (PREV TGT 554)
NOMURA ON GLENMARK : 17.06.2021
* MAINTAIN BUY TARGET: 762
* Nomura raises target for Glenmark to Rs 762 with stance being retained at Buy. It finds valuation attractive at current levels
* Expect A Strong FY22; Prudent Cap Allocation Key To Drive Re-rating
* Co Is Pursuing Fundraising At Ichnos & Its API Business
* Limited Clinical Success & Exit Of CEO Makes Us Unenthusiastic About Ichnos
* Expect No Material Value Unlocking
* Through These Corporate Actions
* Valuation Attractive At Current Levels
Glenmark
