Enter Cipla, says Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "I have Cipla on the buy not just short-term, but I believe it is kind of a safe stock to be even in the longer run. We have seen a bit of a downslide over the last couple of days; Rs 660 has come down to about Rs 645. We believe Rs 670 is a realistic target in the very near-term. So, keeping a stoploss below the Rs 640 mark, I would recommend entering Cipla even now."The share touched its 52-week high Rs 752.45 and 52-week low Rs 592.50 on 10 March, 2015 and 15 June, 2015, respectively.