Buy Cipla Limited and Sell Axis Bank Limited

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Buy Cipla Limited:

Cipla Limited

Cipla Ltd has officially announced a consolidated sales of Rs. 5,255.63 Cr for the third quarter finished on 31-12-2020, which is 3.22% up from its previous quarter sales of Rs. 5,091.76 Cr and 18.29% down from its previous year same quarter sales of Rs. 4,443.13 Cr. The company has reported a net profit after tax of Rs. 752.51 Cr in the previous quarter.

Outlook:

Cipla Ltd: Experts suggested buy call at current market price: Rs. 883.05 with a target price: Rs. 900; Stoploss: Rs. 878.

Sell Axis Bank Limited:

 

AXISBank

 

Axis Bank Ltd has officially announced a consolidated sales of Rs. 11,788.55 Cr for the third quarter finished on 31-12-2020, which is 5.02% up from its previous quarter sales of Rs. 12,411.79 Cr and 5.86% up from its previous year same quarter sales of Rs. 12,522.65 Cr. The company has reported a net profit after tax of Rs. 1,334.84 Cr in the previous quarter.

Outlook:

Axis Bank Ltd: Experts suggested sell call at current market price: Rs. 668.20 with a target price: Rs. 640; Stoploss: Rs. 680.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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