Shares of Cipla jumped 8% on Thursday as a clutch of brokerages issued bullish calls for the stock even after the pharma major reported a 55% year-on-year (YoY) decline in its consolidated net profit at Rs 555 crore in the fourth quarter. The profit was compared with Rs 1,222 crore recorded in the last year's fourth quarter.
The stock has rallied nearly 11% in the two sessions since the results were announced during market hours on Wednesday, hitting an intraday high of Rs 1,432.10 on Thursday morning.
