The company is looking to reduce its debt..might even sell of part of entire stake in Glenmark life sciences. The stock is on the verge of a 6 year breakout. Long above 710 with a stoploss below 666. First level it could reach is 741 (by the end of this month) and then break above. This level has in the past acted like a major resistance so any breakout above this could go up sharply.