Discover and read the best of Twitter Threads about #GLENMARK
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Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules
wap.business-standard.com/article-amp/maā¦
Company promoters bought shares even when they held more than 75 per cent
Brilliant analysis by @This_khushboo @bsindia
A quick thread š§µ
#glenmark #corporategovernance #redflag
wap.business-standard.com/article-amp/maā¦
Company promoters bought shares even when they held more than 75 per cent
Brilliant analysis by @This_khushboo @bsindia
A quick thread š§µ
#glenmark #corporategovernance #redflag
Glenmark Life Sciences, 100% subsidiary of Glenmark Pharma, launchedĀ IPOĀ in July 2021
Post-IPO, stake of promoter group fell from 100% to 82.84%
SebiĀ rules provided three years to reduce promoter stake to 75%
Post-IPO, stake of promoter group fell from 100% to 82.84%
SebiĀ rules provided three years to reduce promoter stake to 75%
During this time further purchase of shares by promoters wasnāt permitted
Promoter Saldanha purchased 7,800 shares (0.01 per cent) from the market in November 2021
Proxy firm SES said purchase, even if inadvertent, violated SAST regulations
Promoter Saldanha purchased 7,800 shares (0.01 per cent) from the market in November 2021
Proxy firm SES said purchase, even if inadvertent, violated SAST regulations
Glenmark Life Sciences IPO Review (Includes points from the IPO Press Conference)
#glenmark #glenmarklifesciences #glenmarkipo #cavarunagarwal
#glenmark #glenmarklifesciences #glenmarkipo #cavarunagarwal
1. Glenmark Life Sciences is an API division doing pure play API business. Spun off in 2019 and operates as an independent professionally managed business.
2. Leading developer and manufacturer of non-commoditized APIs in chronic therapeutic areas, including cardiovascular disease (CVS), central nervous system disease (CNS), pain management, and diabetes. 120+ products.
Stocks for 24/09/20 Intraday
Based on NR7:
#KOTAKBANK
#GLENMARK
#BIOCON
#TITAN
#ICICIPRULI
Based on NR4:
#BANDHANBNK
#HDFCBANK
#CIPLA
#GRANULES
#CADILAHC
Including NR4 too to increase my options for tomorrow
Based on NR7:
#KOTAKBANK
#GLENMARK
#BIOCON
#TITAN
#ICICIPRULI
Based on NR4:
#BANDHANBNK
#HDFCBANK
#CIPLA
#GRANULES
#CADILAHC
Including NR4 too to increase my options for tomorrow
Some of you asked what I meant by "Volatility Concept"
while selecting stocks
Basically, you don't want stocks which are not moving organically, doing pump/dump, staying flat, or forming too many gaps
These were NR7 stocks which I rejected because of above reasons:
while selecting stocks
Basically, you don't want stocks which are not moving organically, doing pump/dump, staying flat, or forming too many gaps
These were NR7 stocks which I rejected because of above reasons:
Results of the Day: 4/10 Stocks gave tradeable moves
A tricky, no easy setups day today
1/4 : #KOTAKBANK : PROFIT : +1.7R
As posted earlier:
It gave a loss of -1R, followed by another signal giving +2R
A tricky, no easy setups day today
1/4 : #KOTAKBANK : PROFIT : +1.7R
As posted earlier:
It gave a loss of -1R, followed by another signal giving +2R
Stocks for 14/08/20 Intraday
#RELIANCE
#HDFCBANK
#BPCL
#BAJFINANCE
#UPL
#LUPIN
#UJJIVAN
#GLENMARK
#ASIANPAINT
#PEL
#ULTRACEMCO
Based on NR7, Volume and Volatility concepts
#RELIANCE
#HDFCBANK
#BPCL
#BAJFINANCE
#UPL
#LUPIN
#UJJIVAN
#GLENMARK
#ASIANPAINT
#PEL
#ULTRACEMCO
Based on NR7, Volume and Volatility concepts
Results of the Day : 3/11 Stocks gave tradeable moves. A great day for me since there was a lot of Volatility and I read the price action well.
1/3 : #RELIANCE
My best price action read today :
Price started Bullish but found resistance at 11th Aug high. Short trade taken after bearish confirmation and Exited as per my rules.
Tip #2 in pinned tweets was KEY in securing higher profits
+4.5R profits booked
My best price action read today :
Price started Bullish but found resistance at 11th Aug high. Short trade taken after bearish confirmation and Exited as per my rules.
Tip #2 in pinned tweets was KEY in securing higher profits
+4.5R profits booked
Stocks for 12/08/20 Intraday
#GLENMARK
#ADANIPORTS
#TCS
#TVSMOTOR
#MUTHOOTFIN
#HINDUNILVR
#HDFCLIFE
#BALKRISIND
Based on NR7, Volume and Volatility concepts
#GLENMARK
#ADANIPORTS
#TCS
#TVSMOTOR
#MUTHOOTFIN
#HINDUNILVR
#HDFCLIFE
#BALKRISIND
Based on NR7, Volume and Volatility concepts
Results of the Day : 2/8 Stocks gave tradeable moves
1/2 : #TVSMOTOR
Starting the day Bullish, the stock was running out of bullish pressure near previous day's high, hinted by increasing volumes but small range candles.
+1R profits booked because of Bullish wick.
1/2 : #TVSMOTOR
Starting the day Bullish, the stock was running out of bullish pressure near previous day's high, hinted by increasing volumes but small range candles.
+1R profits booked because of Bullish wick.
2/2 : #BALKRISIND
- The stock wicked on both sides at the Start of day but Bullish candles came in with increasing Volumes.
- Price took support at VWAP continuously
- Notice the presence of Very few Bearish candles
+3R profits booked.
Please Like / Retweet
- The stock wicked on both sides at the Start of day but Bullish candles came in with increasing Volumes.
- Price took support at VWAP continuously
- Notice the presence of Very few Bearish candles
+3R profits booked.
Please Like / Retweet
My quick comments on the #Favipiravir study results released by #GLENMARK in a press release.
Did Favipiravir succeed in achieving faster viral clearance? No. The difference between the two arms of the study lacks statistical significance. The 95% CIs cross 1. N/1
Did Favipiravir succeed in achieving faster viral clearance? No. The difference between the two arms of the study lacks statistical significance. The 95% CIs cross 1. N/1
What about secondary endpoints? Would you pay Rs 12500 for a drug that promises to make you fever-free a day earlier?
Look at the 95% CIs again- they barely float above 1! Not impressive! And were these patients hypoxic? The data does not tell us. 2/2
Look at the 95% CIs again- they barely float above 1! Not impressive! And were these patients hypoxic? The data does not tell us. 2/2
#Favipiravir group tended to require oxygen late compared to the usual care group.
OK. The trouble is, we do not know, eventually how many required oxygen in each group. 95% Cis touch 1- meaning no difference between the two groups. 3/4
OK. The trouble is, we do not know, eventually how many required oxygen in each group. 95% Cis touch 1- meaning no difference between the two groups. 3/4
#TweetStorm - 1) The Curious Case of #GlenmarkPharma and #Favipiravir. The The number of articles on Favipiravir and Glenmark Pharma have shot through the roof. We will look at it from a price,volumes and search perspective.
Stock price shot up 40% in the day and closed 27% on 22nd June 2020. Added almost a 3000-4000 cr market cap coz of this move.
Stock price fell 6.7% on 23rd June 2020.From a low of 160-200 in March the stock has moved up to 500+ but is still down from peaks of 1250.
Stock price fell 6.7% on 23rd June 2020.From a low of 160-200 in March the stock has moved up to 500+ but is still down from peaks of 1250.
The total number of shares of the #GlenmarkPharma are 28.2cr shares. 1.55 cr delivery volumes on 22nd June 2020 means almost 5.5-6% of the company shares in delivery volumes. Add another 2-2.5% today.
Almost 11-13% of Free Float got delivered on 22nd June 2020 !! Pic @stockedge
Almost 11-13% of Free Float got delivered on 22nd June 2020 !! Pic @stockedge
#Glenmark #favipiravir grabbed attention for its role in mild cases of #covid
But mild cases dont need much other than supportive treatment
Home quarantine, nutritional supplements in form of vitamin,zinc
Symptomatic treatment for fever,cough,bodyache
Monitor O2 levels,fever
But mild cases dont need much other than supportive treatment
Home quarantine, nutritional supplements in form of vitamin,zinc
Symptomatic treatment for fever,cough,bodyache
Monitor O2 levels,fever
Severe #coronavirus cases develop cytokine storm on a few instances
CRP, PCT, IL-6, ESR, SAA, and serum ferritin are indicators for severity of COVID-19
Inj Methylprednisolone, dexamethasone and inj Tocilizumab are used to suppress the inflammatory response
CRP, PCT, IL-6, ESR, SAA, and serum ferritin are indicators for severity of COVID-19
Inj Methylprednisolone, dexamethasone and inj Tocilizumab are used to suppress the inflammatory response
Inj Tocilizumab developed by Roche, marketed by Cipla in India is being used in severe cases of #covid19 with extreme immune response termed cytokine storm leading to multiorgan failure & death
Inj #tocilizumab slows the cytokine storm by modulating IL-6
@Roche @Cipla_Global
Inj #tocilizumab slows the cytokine storm by modulating IL-6
@Roche @Cipla_Global
There's buzz about #Glenmark new drug #Favipiravir for #COVID__19
Do we have the data based on which approval was granted? @CDSCO_INDIA_INF
Given the desperate situation, physicians & patients are likely to flock to get this, but do we have some hard outcomes to show it helps?
Do we have the data based on which approval was granted? @CDSCO_INDIA_INF
Given the desperate situation, physicians & patients are likely to flock to get this, but do we have some hard outcomes to show it helps?
I tried to find published studies on #Favipiravir but haven't yet found supportive data in the searches I did. Would be grateful if someone could point out the evidence. And I hope it's not a single arm study where x% improved because x% could have improved anyway.
If our standards for other drugs are well conducted randomized trials, let's not lower the bar for #Favipiravir just because someone's marketing it, and we don't have any eligible candidates at hand. #EvidenceBasedMedicine
Bought #GLENMARK at 413.70 with SL at 380
Covered #GLENMARK half quantity at 470.74. SL for rest cost to cost now.
Covered Glenmark at second circuit at 491.
