Cipla has target of Rs 345: DD Sharma

Cipla has target of Rs 345, says DD Sharma, Senior Vice President Research, Anand Rathi.

Sharma told CNBC-TV18, "Cipla is not performing well since last many months but I think this stock should now perform better and our target for this stock is Rs 345 for this week."

The company's trailing 12-month (TTM) EPS was at Rs 12.05 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 26.27. The latest book value of the company is Rs 85.59 per share. At current value, the price-to-book value of the company was 3.7. The dividend yield of the company was 0.63%.