Accumulate Cipla; target of Rs 1615 Prabhudas Lilladher
Wed, Oct 30, 2024 1:01 PM

Accumulate Cipla; target of Rs 1615 Prabhudas Lilladher

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Cipla's Q2FY25 EBITDA was in line with estimates, despite muted sales growth in India and the US due to seasonality and supply issues. The company's US sales are expected to dip in Q3, but recover in Q4, driven by key launches and market share gains. The stock is trading at 23x FY26E EPS, with a revised target price of Rs1,615/share and an "Accumulate" rating.

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