Buy Cipla, target price Rs 1145: Axis Securities

Axis Securities has buy call on Cipla with a target price of Rs 1145. The current market price of Cipla Ltd. is Rs 1067.25.
Time period given by analyst is 3 weeks when Cipla Ltd. price can reach defined target.

Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 85350.61 Crore) operating in Pharmaceuticals sector.


Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Royalty Income, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 5478.62 Crore, up 2.90 % from last quarter Total Income of Rs 5324.35 Crore and down -1.63 % from last year same quarter Total Income of Rs 5569.28 Crore. Company reported net profit after tax of Rs 706.56 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 33.61 per cent stake in the company as of 30-Jun-2022, while FIIs owned 31.68 per cent, DIIs 17.31 per cent.