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Hold Cipla; target of Rs 1080: Arihant Capital

Arihant Capital recommended hold rating on Cipla with a target price of Rs 1080 in its research report dated August 01, 2022.

August 02, 2022 / 06:41 PM IST
 
 
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Arihant Capital's research report on Cipla


Cipla Ltd. is an Indian pharmaceutical major with global presence across America, Europe and Emerging Market regions. It has a strong product portfolio in the respiratory segment. The company has a number of USFDA (United States Food and Drug Administration) compliant plant facilities which supply formulations to the international market.



Outlook


Factoring the future growth opportunities, we value the company at a P/E Multiple of 25x its FY24E EPS of INR 43.2 and arrive at a Target Price of INR 1,080 per share. Accordingly, we recommend a Hold rating on the shares of Cipla Ltd.

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Cipla -010822 - arih

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first published: Aug 2, 2022 06:41 pm
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