Stock To Buy: Pharma Giant To Mull Results On Oct 29, TP Rs 1700; Shares Slip 4.80% In 1-Week

Large cap pharmaceuticals firm, Cipla Ltd will consider its financial results for the quarter ended September 30, 2024 on October 29, 2024. Last trading price of Cipla Ltd shares on BSE is Rs 1522.95 per share with decline of 1.84% in trade today. Cipla shares fell over 4.80% in last 1-week and gained 27% in last 1-year. The company has a market capitalisation of Rs 1,22,988.41 crore. LIC has 3.53% stake in Cipla with 12,712,186 shares of the company. Check details below:

Cipla Dividend History: Cipla announced 26 dividends since August 6, 2001. In last 1-year, Cipla recommended an equity dividend amounting to Rs 13.00 per share. At the current share price of Rs 1522.95, Cipla offers a dividend yield of 0.85%.

Cipla Shareholding: FII/FPI have increased holdings from 25.82% to 27.82% in June 2024 quarter. Number of FII/FPI investors increased from 1031 to 1103 in June 2024 quarter. Mutual Funds have increased holdings from 16.83% to 17.62% in June 2024 quarter. Number of MF schemes increased from 37 to 41 in June 2024 quarter. Institutional Investors have increased holdings from 50.25% to 52.76% in June 2024 quarter, according to Trendlyne.

Cipla Shares Performance: The 52-week high price of Cipla Ltd shares on BSE is Rs 1702.00 per share (as on 09/10/2024) and 52-week low price is Rs 1132.00 per share (as on 26/10/2023), respectively. Cipla shares gained 13% in last 6-months, jumped 67% in last 3-years, and offered highest return of 243% in last 5-years.

Cipla Q1 Results: Cipla Ltd on Friday announced a jump of 18.3% on-year in its Q1 FY 2025 net profit to Rs 1178 crore. The leading drugmaker announced a jump of 7% in its revenue from operations for the April to June quarter to Rs 6694 crore. Cipla declared its EBITDA for Q1 at Rs 1716 crore, up 14%. EBITDA margin of Cipla soared to 25.6% for the April to June quarter from 24.1% declared in the corresponding quarter of last year.

Buy Call: According to A R Ramachandran, Independent SEBI Research Analyst, "Cipla is slightly bullish on the Daily charts with strong support at 1536. A Daily close above resistance of 1578 could lead to a target of 1700 in the near term."

Disclaimer: The stock has been picked from the brokerage report of AR Ramchandran. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.