Glenmark Pharma jumped as much as 2.7 percent in early trade on Thursday as the research firm Citi maintained a buy rating on the stock with a target price of Rs 660.
Healthcare firm Glenmark Pharma fell more than 2 percent on profit booking after rising as much as 5 percent in early trade on Wednesday due to strong numbers in the third quarter.
Glenmark Pharma is set to declare its results for the third quarter of financial year 2012-13 on Tuesday. Analysts on an average expect profit after tax to grow 4 times year-on-year to Rs 181 crore in the quarter due to EBITDA expansion and one off income.