Premium
This is an archive article published on January 12, 2012

StanChart upgrades Cipla to ‘outperform’

The bank said the depreciation of the rupee will also benefit the drugmaker.

google-preferred-btn

Standard Chartered has upgraded Cipla to ‘outperform’ from ‘in-line’ and raised its stock target price to 400 rupees from 315 rupees on potential upside margins led by operating leverage benefits,improved products mix and higher contribution from developed markets.

The bank said the depreciation of the rupee will also benefit the drugmaker.

It positioned the stock for a valuation re-rating given lower earnings volatility,healthy balance sheet,potential for improved ratios and a reasonable risk-reward ratio,Standard Chartered added in a note on Wednesday.

At 11:12 a.m,shares of Cipla were up 1.01 per cent at 344 rupees.

Latest Comment
Post Comment
Read Comments
Advertisement
Express shorts
US-India
EAM Jaishankar and US Secretary of State Rubio hold bilateral discussions in New York
India32 min ago

Indian Foreign Minister Jaishankar and US Senator Rubio met in New York to discuss the 25% tariff on Indian oil imposed by Trump. This was their first in-person meeting since the Quad Foreign Ministers' Meeting. India and the US also began talks for a trade agreement, with positive discussions during a recent visit by US trade officials to India.

View all shorts
Live Blog

Photos

In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
supreme court
‘Time to decriminalise all this’: Supreme Court signals rethink on criminal defamation
airspace closure
BusinessIndia extends ban on Pakistan airlines for another month amid airspace row
Ranbir Kapoor’s vaping scene in The Ba**ds of Bollywood lands the show in trouble
EntertainmentNHRC demands action against Ranbir Kapoor, Netflix and Gauri Khan as actor seen vaping in Aryan Khan's The Ba***ds of Bollywood 
A tour of Riddhima Kapoor Sahni's Delhi home
EntertainmentInside Riddhima Kapoor’s lavish Delhi home that looks like a 7-star hotel: 'I have a room in Ranbir-Alia's new Mumbai home, mom Neetu has a floor'
Dr Samir Dalwai, a noted developmental and behavioural paediatrician, recently explained how AI is affecting children (Representative image/Pexels)
Trending'The worst is about to come': Noted paediatrician highlights dangers of AI for children
Reflecting on the experience, Fischer highlighted three things that stood out to her which are the hospital’s close proximity, the complete lack of wait time, and the incredibly low cost of care (Instagram source: @kristenfischer3/Instagram)
TrendingThumb injury treated at Rs 50, American woman hails affordability of Indian healthcare: ‘insurance premiums cost $1-2k per month in US'
Ballon d'Or Live Updates: Catch all the latest updates of the Ballon d'Or 2025 event.
SportsBallon d’Or 2025 Ceremony LIVE Updates: Lamine Yamal, Ousmane Dembele among prime contenders
In a broader perspective, they could be T20I cricket's most destructive opening pair, an irrepressible bond sculpted by friendship and familiarity. Like Langer and Hayden, or Frodo and Sam of JR Tolkein’s Lord of the Rings, or the Woodies in tennis, Flanagan and Allan in music. (AP Photo)
SportsHow Abhishek Sharma and Shubman Gill became T20I's most destructive opening pair
H-1B visa fee
OpinionWorries over H-1B visa fee hike speak of India’s larger problem
GST Bachat Utsav
ExplainedAs GST 2.0 kicks in: what changes for consumers and industry
climate change
'Net Zero cannot be our hero': Why climate activists question Net Zero 2050-70 carbon emissions goal and whether 'real zero' is possible as climate change continues to wreck havoc
Additionally, the AI-powered browser keeps track of what you have read, are working on, and are looking at to recommend relevant information.(Image: Perplexity)
TechnologyPerplexity’s Comet browser is now available in India for Windows and Mac users 
Advertisement
Must Read
SportsBallon d’Or 2025 Ceremony LIVE Updates: Lamine Yamal, Ousmane Dembele among prime contenders
Ballon d'Or Live Updates: Catch all the latest updates of the Ballon d'Or 2025 event.
SportsHow Abhishek Sharma and Shubman Gill became T20I's most destructive opening pair
In a broader perspective, they could be T20I cricket's most destructive opening pair, an irrepressible bond sculpted by friendship and familiarity. Like Langer and Hayden, or Frodo and Sam of JR Tolkein’s Lord of the Rings, or the Woodies in tennis, Flanagan and Allan in music. (AP Photo)
SportsIndia Test selection: Will Karun Nair retain his place, is Devdutt Padikkal preferred over Sarfaraz Khan for Tests against West Indies?
Indian cricketers Devdutt Padikkal, Sarfaraz Khan and Karun Nair. (Photo: X/BCCI & Reuters)
TechnologyPerplexity’s Comet browser is now available in India for Windows and Mac users 
Additionally, the AI-powered browser keeps track of what you have read, are working on, and are looking at to recommend relevant information.(Image: Perplexity)
TechnologyAs Trump raises H-1B fees, Amazon, Google, and Microsoft press employees to return to US
After midnight, holders with H-1B visas could not be permitted to return to the country unless they have paid $100,000. (Image: AP)
Trump’s $100,000 H-1B fee jolts India’s IT outsourcing model
After midnight, holders with H-1B visas could not be permitted to return to the country unless they have paid $100,000. (Image: AP)
'Net Zero cannot be our hero': Why climate activists question Net Zero 2050-70 carbon emissions goal and whether 'real zero' is possible as climate change continues to wreck havoc
climate change
Advertisement
Buzzing Now
Trending'The worst is about to come': Noted paediatrician highlights dangers of AI for children
Dr Samir Dalwai, a noted developmental and behavioural paediatrician, recently explained how AI is affecting children (Representative image/Pexels)
TrendingThumb injury treated at Rs 50, American woman hails affordability of Indian healthcare: ‘insurance premiums cost $1-2k per month in US'
Reflecting on the experience, Fischer highlighted three things that stood out to her which are the hospital’s close proximity, the complete lack of wait time, and the incredibly low cost of care (Instagram source: @kristenfischer3/Instagram)
Trending‘Should not promote labor culture’: Mattresses, pillows brought to Flipkart’s Bengaluru office ahead of Big Billion Days, video triggers debate
The Flipkart Big Billion Days 2025 will commence on September 23, offering discounts on electronics, tech, apparel, home and kitchen products, and more (Image source: @markertingwithsim/Instagram)
TrendingInd vs Pak: Indian fans tease Haris Rauf with Virat Kohli chants in Asia Cup 2025, video goes viral
India successfully chased down a target of 172 runs. Abhishek Sharma led the charge with 74 off just 39 deliveries, smashing six fours and five sixes (Image source: @vlp1994/X)
Trending‘Insane’: woman on holiday left behind in Rome after boyfriend rushes to US as Donald Trump hikes H-1B visa fee
Rish shared an Instagram reel describing the chaotic moment her boyfriend had to leave an Italian pasta-making class mid-session to catch a flight back to the United States (Image source: @lifeofrgr/Instagram)
Sep 22: Latest News
Advertisement