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Jul 23, 2013 06:12 PM IST | Source: CNBC-TV18

Buy Cipla; target of Rs 425: Gopi Suvanam

Gopi Suvanam of InvestWorks recommends buying Cipla with a target of Rs 425 and stop loss of around Rs 390.

Gopi Suvanam of InvestWorks told CNBC-TV18, "We are positive on Infosys. There are lots of IT stocks that could come up with positive numbers. So, we should keep an eye on various IT stocks HCL Technologies, Infosys, Tata Consultancy Services (TCS) etc. and also keep an eye on pharma sector. For example, Cipla has sold off slightly today."

"So, Cipla could be a good opportunity for buying and build a position with a target of Rs 425 and stop loss of around Rs 390 level," he adds.

Also Read: Cipla completes buyout of Cipla Medpro for Rs 2,707 cr

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