Mitessh Thakkar of mitesshthakkar.com suggests buying Cipla, Oil India and Petronet LNG and advises selling Larsen & Toubro and Raymond.
ICICI Direct recommended hold rating on Cipla with a target price of Rs 525 in its research report dated August 14, 2017.
Mitessh Thakkar of miteshthacker.com suggests buying Cipla and Indusind Bank.
With stock trading at 19x FY19 PE and growth dependent on the challenging US business, Jefferies said it maintained hold rating with increased target price at Rs 510 (from Rs 480 earlier).
According to Prakash Gaba of prakashgaba.com, 9700 is a crucial support to work with and 9900 is the resistance to deal with. Volatility is not ruled out as this is a truncated week. The crucial support for Nifty is at 9700-9640 and the resistance is at 9900. On the other hand, Bank Nifty has support at 23750 and resistance at 24300.
The news highlights in the sector include first quarter results of Sun Pharma, Aurobindo Pharma, Cipla, Cadila Healthcare among others. The US pricing pressure looks more structural than a temporary event.
The company filed three products in Q1FY18 and filing is expected to intensity in the remaining part of the fiscal with a target to file 25 ANDAs in the full year.
Cipla on Friday posted 21 percent rise in net profit to Rs 409 crores on a year on year basis for the first quarter ended June 30 reigning in expenses and enhancing operational efficiency.
Hemant Thukral of Aditya Birla Money recommends buying NMDC and Cipla.
Now, Nifty will face strong resistance in the range of 10,100 to 10,150 levels while it has support around 9,900 followed by 9,850.
In the last financial year, the company had filed 32 abbreviated new drug applications (ANDAs) in the US.
Ashwani Gujral of ashwanigujral.com recommends buying V-guard Industries, Cipla and Larsen & Toubro.
The company has launched 100 mg Artesunate Rectocaps/Rectal Artesunate Suppositories (RAS), a life-saving, pre-referral intervention for the management of severe malaria in young children.
HDFC | Yes Bank | Bharti Airtel | Axis Bank | National Fertilizers | Berger Paints | Suzlon Energy | Gail | Monnet Ispat | Cipla | Archid Ply | TD Power and Punjab National Bank are stocks, which are in news today.
Cipla has partnered with MMV, a leading product development partnership (PDP) in the field of antimalarial drugs to develop the RAS 100 mg.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Britannia Industries and sell UltraTech Cement and Jubilant Foodworks.
Net Sales are expected to decrease by 4.43 percent Q-o-Q (down 4.78 percent Y-o-Y) to Rs 3332.5 crore, according to KR Choksey. Cipla to report net profit at 199.6 crore down 46.52% year-on-year.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Bajaj Auto, Cipla and DLF and can sell Tata Communications and Amara Raja Batteries.
Traders should be very cautious at these higher levels whereas any dip should be treated as an opportunity of going long.
The trend is still up and has not been compromised and the next logical technical target in the days to come is 9969 as long as 9850 holds. The crucial support for the Nifty is at 9850 and the resistance is at 9969, says Technical Analyst Prakash Gaba of prakashgaba.com.
VK Sharma of HDFC Securities recommends buying Maruti Suzuki, Eicher Motors, Cipla, Gujarat Alkalies, Tata Chemicals and United Spirits.
Prakash Gaba of prakashgaba.com is of the view that if Nifty continues to slide then the next logical technical target is 9466-9439-9400. The crucial support for the Nifty is at 9466-9439-9400 and the resistance is at 9560-9591.
Ruchit Jain of Angel Broking advises buying Century Textiles with a target of Rs 1160.
“As part of the agreement, the companies have ceased all relevant patent litigation on this product and Cipla has acknowledged the validity of the patent rights of Roche,” Cipla said.
Ashwani Gujral of ashwanigujral.com advises selling Cipla and Biocon.