Diversified business conglomerate Murugappa Group registered a 9.44 percent rise in its total revenues for 2015-16 to Rs 29,470 crore
Given the numbers and the valuations the brokerage house would refrain from hiking the target price for Cipla from the current Rs 1070, Bhavesh Gandhi.
In the last fiscal (2013-14), it had registered a turnover of Rs 24,350 crore. "(FY) 2014-15 was quite a difficult year. But, in this period we grew. We recorded turnover of Rs 26,926 crore, up by 10.57 percent from the previous year," Murugappa Group Vice-Chairman M M Murugappan told reporters here.