Buy Glenmark Pharma above Rs 300: Kulkarni

Buy Glenmark Pharma above Rs 300, says Shardul Kulkarni of Angel Broking.

Kulkarni told CNBC-TV18, "Glenmark is a stock wherein you should be buying at the current levels, the only thing is that the stock is although at support level but there is no sign of reversal. So wait for one-two days, the stock is definitely at a support level of around Rs 285, it is held at support level over the past six-eight months, let us get some signs of reversal."
He further added, "The first sign of reversal would be that the stock crosses and closes above Rs 300. If it goes above Rs 300 it definitely quantifies as a buy, stop loss would be Rs 289-288 levels. I would expect the bounce to take back to around Rs 325 levels."