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Last Updated : Feb 14, 2019 03:41 PM IST | Source: Moneycontrol.com

Buy Cipla; target of Rs 605: HDFC Securities

HDFC Securities is bullish on Cipla has recommended buy rating on the stock with a target price of Rs 605 in its research report dated February 07, 2019.

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HDFC Securities' research report on Cipla


Cipla’s reported an in-line quarter with revenue at Rs 40.1bn, up 2% YoY/ flat QoQ. EBITDA stood at Rs 7.1bn with margin at 17.7%, down 326bps YoY due to continued API cost inflation and falling prices in the tender business. PAT at Rs 3.3bn was down 17/12% YoY/QoQ (in-line).


Outlook


Maintain BUY with a TP of Rs 605 (22x Dec-20E EPS).


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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First Published on Feb 14, 2019 03:41 pm
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