See a target of 380-390 for Cipla: Gaurang Shah

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services in a chat with ET Now gives his perspective on Cipla.

Your view on Cipla?

Well again numbers are not really encouraging and markets, given the knock on the chin for as far as Cipla is concerned but we feel going forward the company is a potential beneficiary of global focus on generic substitution and of course the strong domestic market.

We just heard the management a while back enhance the capacities going forward is going to again add to the top line and bottom line of the company.

Efforts to improve the product mix and of course margin going forward is going to be a focus where Cipla has its core strength that is so from that point of view we feel that again not 12 months but 14 to 16 months if you give time to this particular stock as far as the investment is concerned we could see a target of somewhere close to 380 to 390.