Nomura Maintains Buy Rating on Cipla, Sets Rs 1,510 Target
Nomura expects steady growth in Cipla's September quarter and a sequential recovery in EBITDA margin. The brokerage maintained its Buy rating and Rs 1,510 target price.
Nomura expects Cipla to report steady growth in the September quarter, with a sequential recovery in EBITDA margin, while maintaining its 'Buy' rating on the stock with a target price of Rs 1,510.In its October 26 quick note, the brokerage said growth in Cipla's One-India business would be supporte…