Cipla share price: Buy Cipla, target price Rs 668: ICICI Securities
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ICICI Securities has given a buy rating to Cipla with a revised target price of Rs 668 (earlier Rs 542) based on 23 times FY22E earnings.
Cipla has received the final USFDA approval for generic Proventil HFA Inhalation Aerosol (albuterol sulfate inhalation aerosol). This approval was expected in the second half of FY21 and the early approval has surprised positively. Cipla’s albuterol is…
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