Stay invested in Glenmark Pharma: , Hold Glenmark Pharma:

Under: Rahul Mohindar, viratechindia, Glenmark Pharma, Hold, Buy call, Buzzing Stock, stock prices, stock advice, Recommendation, Recommended price, Target, Target Price

Rahul Mohindar of viratechindia.com is of the view that stay invested in Glenmark Pharma with a target of Rs 320.

Mohindar told CNBC-TV18,"Glenmark Pharma is on some radar for some time and we have been talking about the stock from Rs 220 levels. We are continuing to maintain a bullish stand on it and I would say if you are already invested into a Glenmark stay in it, Rs 320 is the kind of long term target. I would put on this kind of a stock. The stock has support at Rs 250.

He further added, “Orchid Chemicals too there is nothing really negative on the charts right now. But at the same time doesn’t warrant a fresh entry but in the mean pharma is an interesting sector just as technology and metals so I think these are three very exciting spaces for the short term trader.”

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