Cipla Ltd
CIPLA

594.15

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

593.95

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

595.65

Open ()
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VWAP ()
Day's Vol
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Buy
Reco. Price
Rs 600.00
We recommend BUY as generic drugs approval in UK and launches in US is expected to augment FY18E revenue. Additionally, approval of gPoventil inhaler will further boost dollar revenues. The stock is trading at a P/E of 21.8x on FY18E earnings. (Target Price- Rs.684)
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50 DMA (.)
588.45
100 DMA (.)
575.90
200 DMA (.)
560.79
Weekly Range (.)
582.20
598.50
Monthly Range (.)
582.20
605.90
52 Weeks Range (.)
457.45
621.25
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