Avoid Cipla, says Baliga

Ambareesh Baliga, Independent Analyst advises traders to avoid Cipla and one should not re-enter the stock at current levels.

Baliga told CNBC-TV18, “Cipla, possibly not at these levels. We were in fact buying it at about levels closer to Rs 300 and we have already exited. So I will not re-enter at the current levels.”
On Feb 11, Cipla closed at Rs 394.70, up Rs 13.80, or 3.62%. It has touched an intraday high of Rs 398.50 and an intraday low of Rs 380.25.