Cipla a good investment buy: Mohoni

Technical Analyst, Deepak Mohoni is of the view that Cipla is a good investment buy.

Mohoni told CNBC-TV18, "During market declines Cipla was sideways and during market rallies it does rally well. So this is a stock in a long-term uptrend already. This could be a pretty good investment buy and should do very well also when the next uptrend begins. Otherwise this is a good medium to long-term acquisition. If you buy it for the medium-term the stoploss could be Rs 195. But for the long-term, it doesn’t look like the downside risk could be very much more than 10-15%."

Disclosure: Analyst doesn't hold the above stock but have recommended it to his clients.