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Buy Cipla; target of Rs 950: Sharekhan

Sharekhan is bullish on Cipla has recommended buy rating on the stock with a target price of Rs 950 in its research report dated January 29, 2021.

February 08, 2021 / 04:07 PM IST
 
 
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Sharekhan's research report on Cipla


Q3FY2021 was a strong quarter with margins expanding sturdily on account of cost optimisation efforts. Results are ahead of estimates. Cipla’s One-India strategy has played out well and has yielded synergies across its business. Increased prescription generation backed by sustained traction in chronic and a likely revival in the acute therapy would drive growth of the India business. Healthy growth prospects across geographies, strong earnings visibility, and a healthy balance sheet augur well and will be key positives for Cipla.


Outlook


We maintain our Buy recommendation on the stock of Cipla with an unchanged PT of Rs. 950.


For all recommendations report, click here


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first published: Feb 8, 2021 04:07 pm

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