VERIFIEDET Stocks·14 May 2026positive

Cipla shares rally 8% despite 55% YoY slump in Q4 profit. Why Citi, Nuvama, other brokerages hiked target

AI Summary

·Cipla shares rallied nearly 11% over two sessions, reaching an intraday high of Rs 1,432.10.
·The stock surge occurred despite a 55% year-on-year slump in Cipla's Q4 profit.
·Brokerages turned bullish on Cipla, hiking target prices and focusing on future growth prospects.