We had recommended a BUY on Ipca Labs as part of our strategy note â€śDiwali Dhamakaâ€ť on November 12, 2012, with a target price of Rs492. The stock has touched a high of Rs496 in today's trading session, a gain of 15.8% from our recommended price of Rs424. Though we remain positive on the underlying business of Ipca labs, we believe stock is fairly valued and upsides appear limited. We advise investors to book profit in the stock.
Click here for original report
- Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
- Now Save Rs.3150 on your Demat Account ...Click here
- Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.