Buy Glenmark Pharma, says Sudarshan Sukhani

One should buy Glenmark Pharma and hold it for few weeks, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Glenmark Pharma is one of the better stocks to be in. It is also part of the pharma sector where there is a lot of traction even now but it is not a swing trading stock. So it is something that you want to buy and hold for a few weeks, then it is worthwhile entering into it." Glenmark Pharma ended at Rs 516.35, up Rs 16.85, or 3.37 percent. It has touched an intraday high of Rs 519.90 and an intraday low of Rs 501. The share touched its 52-week high Rs 550.80 and 52-week low Rs 338.55 on 09 January, 2013 and 07 May, 2012, respectively. Currently, it is trading 6.25 percent below its 52-week high and 52.52 percent above its 52-week low.
Market capitalisation stands at Rs 13,987.74 crore.