Cipla has target of Rs 318-320: Sukhani

Cipla has target of Rs 318-320, says Sudarshan Sukhani of technicaltrends.com.

Sukhani told CNBC-TV18, "I would still be looking to buy Cipla. I can look at target of Rs 318-320, so the idea is to buy it. The point is you have to buy stocks when you see markets giving some semblance of stability."
The company touched its 52-week high Rs 380.80 and 52-week low Rs 273.60 on 04 Jan, 2011 and 06 Sep, 2011, respectively. Currently, it is trading -19.38% below its 52-week high and 12.21% above its 52-week low. Market capitalisation stands at Rs 24,649.69 crore.