Cipla shares surge 8% as brokerages turn bullish despite a sharp Q4 profit slump

Targets rise even as Q4 profit drops 55% YoY

Cipla shares jumped nearly 11% across two sessions after multiple brokerages upgraded their outlook, even though Q4 profit fell 55% year on year. The rally pushed the stock to an intraday high of Rs 1,432.10 as investors shifted attention from near-term earnings pressure to longer-term growth prospects highlighted by analysts.