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Cipla jumps 8.7 percent after key generic launch

Reuters Market Eye – Shares in Cipla Ltd on Tuesday rose as much as 8.7 percent to a record high of 575 rupees after the drugmaker launched an anti-asthma inhaler in Germany and Sweden.

The inhaler is a generic version of GlaxoSmithKline Plc’s Advair.

Emkay Global upgraded the stock to “buy” from “accumulate” with a target of 671 rupees.

Overall addressable opportunity of generic Advair is $800 million in Europe, Emkay said.

Cipla shares were trading up 7.1 percent to 566.75 rupees as of 10:02 a.m.

(Reporting by Abhishek Vishnoi)

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New Post has been published on Aligarh Khabar

New Post has been published on http://news.aligarhkhabar.com/bharat-electronics-gains-motilal-starts-at-buy/

Bharat Electronics gains, Motilal starts at ‘buy’

Reuters Market Eye – * Bharat Electronics Ltd gains 4 percent.

* Motilal Oswal starts with “buy” rating and a target of 2,600 rupees.

* Says will be “key beneficiary” of rising defence spending in India.

* Adds Indian Air Force is finalising acquisitions of $20-22 billion.

* Air Force acquisitions will benefit Bharat, Motilal says.

(Reporting by Abhishek Vishnoi)

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