Buy Cipla, target Rs 780-820: Kunal Bothra

Kunal Bothra of LKP Securities recommends buying Cipla with a target of Rs 780-820.

Kunal Bothra of LKP Securities told CNBC-TV18, " Cipla is a buy. It is going strong in terms of momentum, trading close to upper end of it's resistance band. So Cipla could be a good buy from a short-term perspective. I would look at a target of Rs 780-820 on the next one-two weeks keeping a stop loss of Rs 700 on it."

At 13:53 hrs Cipla was quoting at Rs 736, up Rs 8.10, or 1.11 percent. It has touched an intraday high of Rs 745.50 and an intraday low of Rs 725.10.

Disclosure: Analyst has no personal holdings in the stock and it is possible that he may have recommended the same stock to his clients at LKP.

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