Shall i go long for the above mentioned share, this counter average share price is very low for the last two market days. any body can guide me
2007-05-02 04:45:45 · 2 answers · asked by vijay 1 in Business & Finance ➔ Investing
The company operates in pharma space.
It's a good company but recently it has run into legal problems in US. As such the price in the stock market may go downwards a little bit and may stay there for some time. But the moment the legal problems are over the price will shoot up like there is no tommorrow.
If you are willing to take risks and ready to wait for a bit longer time then definitely you can go long in this share. Personally I feel the price may come down to about Rs.180/- or so ( at which point I will initiate a long position). Am waiting the general market to react downwards.
2007-05-02 19:32:12 · answer #1 · answered by Nitin G 7 · 0⤊ 0⤋
Cipla is a leading generic medicine manufacturer and has consistently outperformed market. It is a share worth keeping for long. You can buy continuously in every dip.
2007-05-05 03:28:51 · answer #2 · answered by rajan l 6 · 0⤊ 0⤋