Nomura on Glenmark
Buy, TP Rs 653
Q2 - A strong Qt
Net sales/EBITDA/Net profit 5%/33%/124% ahead of est
Working capital improved, but higher capex & higher R&D spend have been a drag on cash flows
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GLENMARK 
Reputation: 13,324 • Nov 15, 2019 1:17 PM
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