Economic TimesLean R·
Cipla shares jump 4% as Citi puts stock on 90-day catalyst watch. What's driving the optimism?
Shares of pharmaceutical major Cipla rallied as much as 4% to their day’s high of Rs 1,409 on the BSE on Monday after international brokerage firm Citi placed the stock on a 90-day Positive Catalyst Watch while maintaining its ‘Buy’ rating and target price of Rs 1,700, an upside of 25.55% from current levels. The Wall Street brokerage believes several near-term triggers could support the stock, including the likely approval of gFlovent from the Goa facility, which could boost growth in the US m…
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