Margin gains and steady growth in the Indian market to support the stock, say analysts.
ICICI Securities remains positive on Cipla's calibrated approach of focusing more on branded products and core therapies across the world
Consumer Durable stocks are also likely to be in focus on Monday after the company have hiked prices for the third time this year
Drug major Cipla on Sunday said it has received approval from the US health regulator to market the Lanreotide injection, used for the treatment of acromegaly and gastroenteropancreatic neuroendocrine tumors, in the American market.
The broader markets however finished in red, the breadth too was negative
Post-acquisition, Clean Max Auriga Power LLP will become an associate of Cipla
Select pharma stocks look good on the technical charts and may jump up to 15 per cent in December. On the fundamental side, fears of Omicron variant spreading may also keep them in news and buzzing
Huge gains for Cipla, Alkem Labs and Dr Lal Path, even as IndiGo, Chalet Hotels and IHC tank
The pharma index had taken a breather over the past three months after displaying relative out-performance during CY20-21.
Stock market LIVE: The NSE Nifty swung in a range of 174 points, and finally settled at 17,999, down 110 points
In November 2018, Cipla had announced that InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based speciality business firm Avenue Therapeutics
Delays in consignments, rising prices of key ingredients worry industry
Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure
The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today
Sequentially, however, the company has posted muted growth-revenue growth of 0.3%, and a PAT decline of 0.5%. Ebitda dipped sequentially too, by 9%
Only 3 firms - Novo Nordisk, Sanofi, and Eli Lilly - supply insulin to patients in the US. These three companies, commonly called the 'Big Three', control over 90 per cent of the global insulin market
With a funding frenzy currently underway in India, Cipla may struggle to find attractive targets
On the upside, the Nifty may face resistance in the range of 17,950-18,000, says the technical analyst from HDFC Securities
Over the medium term, success of the new launches in the US would drive gains
Stocks from the banking, real estate and auto sectors will be in focus amid the RBI policy outcome later today