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Cipla Becomes Top Gainer In Nifty 50 As Kotak Institutional Upgrades To Buy

Cipla Ltd.’s share price rose to become the top gainer on the NSE Nifty 50 index on Tuesday after Kotak Securities upgraded the stock rating to ‘buy’ from ‘add’. The brokerage expects recovery in the domestic market, and healthy growth in the South African market. However, Kotak Securities reduced the target price to Rs 1,725 from Rs 1,750 apiece. The current target price implied a 19.09% upside from Monday’s closing price.

Cipla Becomes Top Gainer In Nifty 50 As Kotak Institutional Upgrades To Buy

Source: bloombergquint.com

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