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Yes Securities has buy call on Cipla with a target price of Rs 990. The current market price of Cipla Ltd. is Rs 948.6. Time period given by analyst is Intra Day when Cipla Ltd. price can reach defined target.
Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 76487.75 Crore) operating in Pharmaceuticals sector.
Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 5570.15 Crore, down -.18 % from last quarter Total Income of Rs 5580.47 Crore and up 5.98 % from last year same quarter Total Income of Rs 5255.63 Crore. Company reported net profit after tax of Rs 758.95 Crore in latest quarter.
Investment RationaleThe stock has turned upwards after taking support at the 200-DMA placed at 926 levels. Further, it is on the verge of a breakout from a narrow channel pattern neckline placed at 960. A sustained trade beyond this resistance will resume the uptrend taking it higher to levels of 990. RSI is also favouring a bullish trend.
Promoter/FII Holdings
Promoters held 36.11 per cent stake in the company as of 31-Dec-2021, while FIIs owned 28.01 per cent, DIIs 17.86 per cent.
Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 76487.75 Crore) operating in Pharmaceuticals sector.
Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 5570.15 Crore, down -.18 % from last quarter Total Income of Rs 5580.47 Crore and up 5.98 % from last year same quarter Total Income of Rs 5255.63 Crore. Company reported net profit after tax of Rs 758.95 Crore in latest quarter.
Investment RationaleThe stock has turned upwards after taking support at the 200-DMA placed at 926 levels. Further, it is on the verge of a breakout from a narrow channel pattern neckline placed at 960. A sustained trade beyond this resistance will resume the uptrend taking it higher to levels of 990. RSI is also favouring a bullish trend.
Promoter/FII Holdings
Promoters held 36.11 per cent stake in the company as of 31-Dec-2021, while FIIs owned 28.01 per cent, DIIs 17.86 per cent.
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