Sell Cipla, target price Rs 918: Chandan Taparia

Chandan Taparia of Motilal Oswal has sell call on Cipla with a target price of Rs 918. The current market price of Cipla Ltd. is Rs 967. Time period given by analyst is Intra Day 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 78018.92 Crore) operating in Pharmaceuticals sector.

Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 5570.15 Crore, down -.18 % from last quarter Total Income of Rs 5580.47 Crore and up 5.98 % from last year same quarter Total Income of Rs 5255.63 Crore. Company reported net profit after tax of Rs 758.95 Crore in latest quarter.

Investment Rationale
Breakdown on weekly and daily frame and tumbled down below its key juncture of 1000 zones

Promoter/FII Holdings
Promoters held 33.63 per cent stake in the company as of 31-Mar-2022, while FIIs owned 30.67 per cent, DIIs 17.97 per cent.