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Buy Cipla, target of Rs 223: Indiabulls Securities
Published on Tue, Feb 03, 2009 at 14:51   |  Updated at Tue, Feb 03, 2009 at 14:55  |  Source : Moneycontrol.com

Indiabulls Securities Research has maintained its buy rating on Cipla with a target price of Rs 223 in its February 2, 2009 research report. "The EBITDA margin rose by 148 bps yoy to 25.2% in Q3’09 on the strengths of an improved product mix and a depreciating rupee. We maintain a Buy rating on the stock with a target price of Rs 223," Indiabulls Securities' research report.

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