CIPLA LTD

Cipla good breakout with volume support

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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.

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