Go long on Glenmark Pharma: Salil Sharma

Sharma told CNBC-TV18, "Glenmark Pharma has crossed above Rs 387 so that is a good resistance, which has been cleared now around Rs 400, so one can go long currently and keep a stop loss at Rs 380 and maybe in a month’s time Rs 440 is possible."

He further added, "If Jet Airways does manage to go above Rs 395, that is a main resistance here, then it could head towards Rs 410 initially and then Rs 440. So the decider would be close above Rs 395."

"Jet Airways' trailing 12-month (TTM) EPS was at Rs 1.12 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 333.97. The latest book value of the company is Rs -62.48 per share. At current value, the price-to-book value of the company was -5.99."