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Sell Cipla, target Rs 505: Siddharth Bhamre

Sell Cipla at a price target of Rs 505 and a stop loss at Rs 552 from entry point.

ETMarkets.com|
Jul 12, 2017, 09.56 AM IST
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Independent analyst Siddharth Bhamre has a sell call on Cipla with a target price of Rs 505.

The current market price of Cipla is Rs 538.15.

Time period given by analyst is intraday when Cipla price can reach defined target.

Siddharth Bhamre recommended to keep stoploss at Rs 552.

Cipla, incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 43296.84 crore) operating in Pharmaceuticals and health care sector.

Cipla key Products/Revenue Segments include Tablets & Capsules which contributed Rs 7497.86 crore to Sales Value (61.52 % of Total Sales), Injections/Sterile Solution which contributed Rs 1339.00 crore to Sales Value (10.98 % of Total Sales), Aerosols which contributed Rs 1104.45 crore to Sales Value (9.06 % of Total Sales), Bulk Drugs which contributed Rs 1089.04 crore to Sales Value (8.93 % of Total Sales), Liquids which contributed Rs 448.08 crore to Sales Value (3.67 % of Total Sales), croreeams which contributed Rs 279.84 crore to Sales Value (2.29 % of Total Sales), Export Incentives which contributed Rs 150.16 crore to Sales Value (1.23 % of Total Sales), Others which contributed Rs 129.08 crore to Sales Value (1.05 % of Total Sales), Other Operating Revenue which contributed Rs 66.51 crore to Sales Value (0.54 % of Total Sales), Other Services which contributed Rs 44.72 crore to Sales Value (0.36 % of Total Sales) and Scroreap which contributed Rs 37.49 crore to Sales Value (0.30 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of Rs 3487.04 crore, down 1.77% from last quarter Sales of Rs 3550.02 crore and up 7.20% from last year same quarter Sales of Rs 3252.86 crore.

The company’s top management includes Dr.Peter Mugyenyi, Mr.Adil Zainulbhai, Mr.Ashok Sinha, Mr.M K Hamied, Mr.Peter Lankau, Mr.S Radhakrishnan, Mr.Umang Vohra, Mr.Y K Hamied, Mrs.Samina Vaziralli, Ms.Ireena Vittal, Ms.Naina Lal Kidwai, Ms.Punita Lal. Company has V Sankar Aiyar & Co. as its auditors. As on 31-03-2017, the company has a total of 788,432,729 shares outstanding.

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