Business & Investment

Cipla Stock Price: Buy Cipla, Target Price Rs 885: Edelweiss

Edelweiss There is a call for purchase Cipla The target price is 885 rupees. Cipla Ltd. The current market price of is 837.1 rupees.

Cipla Ltd was founded in 1935. Is a large-capitalization company (market capitalization: 67484.17 rupees) operating in the pharmaceutical sector.

Finance
Consolidated sales for the quarter ended September 30, 2020 were Rs 4972.58, an increase of 16.27% from the previous quarter and Rs 4276.89, an increase of 16.61% from the same period last year. Sales of Rs 4264.24 reported net income. 661.85 rupees after tax in the latest quarter.



investment The rationale
Cipla bounced after receiving support near the 800 level. Also, this bounce has kept up with higher selling pressures and inventories are still on the rise.



Promoter / FII Holdings
As of September 30, 2020, the promoter holds a 36.7% stake, FII holds a 20.4% stake, DII holds a 19.4% stake, and public and other 23.5% stakes.



Cipla Stock Price: Buy Cipla, Target Price Rs 885: Edelweiss

https://economictimes.indiatimes.com/markets/stocks/recos/buy-cipla-target-price-rs-885-edelweiss/articleshow/80473282.cms Cipla Stock Price: Buy Cipla, Target Price Rs 885: Edelweiss

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