Cipla, incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 90315.58 Crore) operating in Pharmaceuticals sector.
Cipla key Products/Revenue Segments include Pharmaceuticals, Royalty Income, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2022.
Financials
The company’s top management includes Dr.Y K Hamied, Ms.Punita Lal, Mr.Adil Zainulbhai, Dr.Peter Mugyenyi, Mr.Robert Stewart, Mr.P R Ramesh, Mr.Ashok Sinha, Mr.S Radhakrishnan, Mr.Umang Vohra, Ms.Samina Hamied, Mr.M K Hamied, Dr.Mandar Vaidya. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 81 Crore shares outstanding.
Investment Rationale
The stock on the weekly chart has decisively broken out above the “Multiple resistance zone” placed between 1080-1070 level on 30th Sep, 2022.Stock had given a throwback till breakout area and forms a bullish candle at a breakout zone indicating reversal after a profit booking.
Promoter/FII Holdings
Promoters held 33.61 per cent stake in the company as of 30-Sep-2022, while FIIs owned 31.68 per cent, DIIs 21.38 per cent.
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