Jul 23, 2013, 06.12 PM | 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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