Buy Cipla with a target of 500

Buy Cipla

A research done by broking firm on Cipla by meeting the management of the company. The company is looking very strong. With exports as one of the  best avenue, falling rupee is helping the company to make more profits.

Here is the outline of the research:

Fundamentals

• Targets $5 billion by 2020
• Ambitious growth plans; USA, South Africa would be thrust areas
• Cipla Medpro to be earnings accretive from next year
• New pricing policy to impact 2-3% of total revenues
• A crucial court hearing in next month on overcharging

Technicals 

Technically the stock is showing more of side way movement and with so many positives, we are hoping that uptrend very soon.

Some data has been taken from share khan