Stock of the day : Cipla Ltd. For Target Rs.1590 - Religare Broking
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Cipla Ltd
* Post the result outcome, defensive sectors are witnessing strong action and pharma is left no behind.
* Among the space, CIPLA has recorded a fresh breakout from the consolidation range to the record high zone with strong surge in volume.
* Considering, the price action and buoyancy in space, we expect bullish tone to continue.
* Traders can consider fresh longs in the mentioned range.
Buy Cipla Ltd CMP 1496.95 Range 1495-1500 SL 1455; Target 1590
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SEBI Registration number is INZ000174330
