Prefer pharma, IT services space: Bhuvnesh Singh

Bhuvnesh Singh, MD & Head of India Research at Barclays told CNBC-TV18, "IT services is the only sector which has been upgrades across companies, so that is one sector which continues to remain our favourite. Pharmaceutical is another sector which we would like over the next 12 months."

At 11:41 hrs Cipla was quoting at Rs 414.30, down Rs 0.90, or 0.22 percent.

The share touched its 52-week high Rs 450 and 52-week low Rs 354.40 on 16 September, 2013 and 01 March, 2013, respectively.