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Buy Glenmark Pharma: Phani Sekhar

Published on Sat, Nov 21, 2009 at 10:01 |  Source : CNBC-TV18

Updated at Sat, Nov 21, 2009 at 14:21  

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Phani Sekhar, Fund Manager, Angel Broking

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Glenmark

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Buy Glenmark Pharma , says Phani Sekhar , Fund Manager, Angel Broking.

Sekhar told CNBC-TV18, "Glenmark Pharma has been coming out of a setback on the R&D front but it is slowly and steadily seeing a recovery across all its regions and operations. It has got a strong pipeline and going forward there is a good probability that they can strike out; some very attractive outlays in license deals. So I am expecting around a 20-25% kind of upside in this stock atleast from a 6-9 month perspective, so clearly it is a good time to buy."

  

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