Buy Cipla, target price Rs 1570: Motilal Oswal
Cipla with a target price of Rs 1570. The current market price of Cipla is Rs 1198.1.
Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 96935.56 Crore) operating in Pharmaceuticals sector. Cipla Ltd.
key Products/Revenue Segments include Pharmaceuticals, Royalty Income, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2022.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 6854.47 Crore, up 6.02 % from last quarter Total Income of Rs 6465.18 Crore and up 15.17 % from last year same quarter Total Income of Rs 5951.49 Crore.
Company reported net profit after tax of Rs 1155.82 Crore in latest quarter.
Promoter/FII Holdings Promoters held 33.47 per cent stake in the company as of 30-Sep-2023, while FIIs owned 25.74 per cent, DIIs 23.86 per cent.
