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Buy Cipla; target of Rs 650: Sharekhan

Sharekhan is bullish on Cipla has recommended buy rating on the stock with a target price of Rs 650 in its research report dated August 07, 2019.

August 12, 2019 / 05:02 PM IST
 
 
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Sharekhan's research report on Cipla

Although sales deferrals and realignment of domestic business affected sales growth, company posted strong operating numbers for Q1FY2020. Cipla faces minimal regulatory risks at key facilities; Improved product mix and operational efficiencies to boost profitability.

Outlook

We maintain our Buy recommendation with a downwardly revised price target (PT) of Rs. 650. We expect the company to report sales and profit CAGRs of 14% and 40%, respectively, over FY2019-FY2021E.

For all recommendations report, click here

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Broker Research
first published: Aug 12, 2019 05:02 pm

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