Buy Cipla, target Rs 615-620: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "Ciplahas been making a base building formation in the last few weeks at around Rs 500 and I see that being held on to. Currently at Rs 531, one can even buy now or maybe on a correction towards Rs 515 or so. Keep a Rs 480 kind of a stoploss and 1-1.5 year target could be around Rs 615-620."Cipla ended at Rs 531.50, down Rs 0.45, or 0.08 percent on the BSE.