Glenmark - Margin of safety
One of those co's giving sequentially good results but stock market not rewarding its holders..
The stock now has 2 triggers
1) Business is doing good.. (Healthy margins + growth in business)
2) Capex expansions coming over the next 2 years every year which will improve numbers further.
There is also rumour of a majority sale which would surely happen at higher valuations.
Technically the stock has nicely consolidated at a bottom and could now break upwards soon.
Long at current price with a double up if the stock falls to 430 levels and bounces from there.
SL below 420.
The stock now has 2 triggers
1) Business is doing good.. (Healthy margins + growth in business)
2) Capex expansions coming over the next 2 years every year which will improve numbers further.
There is also rumour of a majority sale which would surely happen at higher valuations.
Technically the stock has nicely consolidated at a bottom and could now break upwards soon.
Long at current price with a double up if the stock falls to 430 levels and bounces from there.
SL below 420.
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