Multibagger Stock Tips: People may need medicines at any time. This is the reason that many companies of the pharmaceutical industry are frozen even after seeing several rounds of difficult economic conditions.
Today we are going to tell you about two such firms in which investing money can be very beneficial. ICICI Securities, which monitors the stock market, believes so. These two companies are Suven Pharmaceuticals and Glenmark Pharmaceuticals.
- Suven Pharma is a Contract Development and Manufacturing Organization (CDMO).
- It assists global life sciences and fine chemical companies with NCE development.
- According to ICICI Securities, the stock of Suven Pharmaceuticals can increase by about 16 percent from its current market price of Rs 563.
- This stock can go up to the target of Rs 650 from the current level.
- Glenmark Pharmaceuticals is a global generic, specialty and over-the-counter company in dermatology, respiratory medicine and oncology.
- ICICI Securities expects Glenmark Pharmaceuticals stock to rise by 22% from its current market price of Rs 554.
- ICICI Securities believes that it can reach the target of Rs 680 from current levels.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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