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 72227.77 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 30-09-2021, the company reported a Consolidated Total Income of Rs 5580.47 Crore, up .20 % from last quarter Total Income of Rs 5569.28 Crore and up 9.60 % from last year same quarter Total Income of Rs 5091.76 Crore. Company reported net profit after tax of Rs 712.00 Crore in latest quarter.
Investment Rationale
Since August 2021, the stock has been defending levels of 885 on a closing basis. Today it snapped its three sessions’ losing streak and hence positive follow-up action could attract some recovery till 935.
Promoter/FII Holdings
Promoters held 36.12 per cent stake in the company as of 30-Sep-2021, while FIIs owned 28.1 per cent, DIIs 17.74 per cent.
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