cipla: Analysts expect Cipla to return up to 30% from here on as India biz gains momentum

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Cipla on Friday reported a 68 per cent year-on-year rise in its consolidated web revenue at Rs 413 crore for the quarter ended March, whereas its consolidated revenues for the quarter rose 5.2 per cent to Rs 4,606 crore.

Synopsis

Kotak Securities mentioned the enlargement of the Covid portfolio would assist near-term earnings whereas the continued rollout of respiratory franchisee within the US and robust execution of One India technique will drive the corporate’s earnings development over FY23-24.

Mumbai: Analysts stay bullish on Cipla regardless of its lower-than-expected March quarter earnings and see up to 30 per cent upside for the inventory from the present ranges citing sturdy development momentum within the India enterprise. Analysts raised their common goal worth by 6 per cent from Rs 998 to Rs 1,055 after the fourth quarter outcomes. Cipla shares declined 2.5 per cent to shut at Rs 881.20 on Monday.

Cipla on Friday reported a 68 per cent

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