Cipla 1511 has given a good breakout with volume support. with 1465 as support we expect nit could move to 1600.
On valuation it is trading at 24 P/E of its FY26 EPS of an average of 27 P/E which is 1671 that made us to believe it is available at discount.
On valuation it is trading at 24 P/E of its FY26 EPS of an average of 27 P/E which is 1671 that made us to believe it is available at discount.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.