Buy Ipca Laboratories, target Rs 1,046: Mazhar Mohammad

Mazhar Mohammad of Chartviewindia.in has a buy call on Ipca Laboratories with a target price of Rs 1,046.

The current market price of Ipca Laboratories is Rs 960.80.

Time period given by the analyst is two weeks and he recommended keeping a stop loss at Rs 920.


"This counter slipped into corrective and consolidation phase after hitting a life-time high of Rs 1,046 on 29th of March and appears to have posted a bottom around Rs 920 levels. In the last session, it has broken out of its sideways range and appears to have resumed its rally," Mohammad said.

Ipca Laboratories, incorporated in the year 1949, is a midcap company (having a market cap of Rs 12,242.89 crore) operating in the pharmaceuticals and health care sector.