Buy Cipla for target of Rs 390: Nirmal Bang

MUMBAI: Nirmal Bang is of the view that Cipla is well placed above short and long term moving averages. It expects the stock to touch Rs 390.

“Buy Cipla with a stop-loss of Rs 363. The stock is well placed above all it's short and long term moving averages and there has been a considerable increase in the volumes as well. Immediate target seen at Rs 390,” the report said.