The analysts at the brokerage house Citi have maintained a sell rating on the counter of Zydus Life, recommending a share price target of Rs 890 per share from its current levels.
Macquarie has kept ‘Outperform’ rating on Cipla with a target at Rs 1,235 per share
Bino Pathiparampil of IIFL Capital told CNBC-TV18 that there has been a major rally in the sector over the last couple of years. Thus, many of the stocks went up 20 percent in the last couple of months itself.