Promoters held 79.86 per cent stake in the company as of 30-Jun-2023, while FIIs owned 4.0 per cent, DIIs 11.57 per cent.

The brokerage values CIPLA at 25x 12Mforward earnings and add NPV of INR30 related to g-Revlimid to arrive at its TPof INR1,420.

Dr. Reddy's Laboratories, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 94235.44 Crore) operating in Pharmaceuticals sector.

Marico, incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 75262.92 Crore) operating in FMCG sector.

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 112399.56 Crore).

ICICI Securities' broad calculation suggest that themerged entity is trading at ~2.3x FY25 adjusted book and should deliver RoA of ~1.9%.

Hikal, incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 3811.23 Crore) operating in Pharmaceuticals sector.

Ipca Laboratories, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 23532.33 Crore) operating in Pharmaceuticals sector.

Star Health and Allied Insurance Company, incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 37159.63 Crore) operating in Financial Services sector.

Promoters held 0 per cent stake in the company as of 30-Jun-2023, while FIIs owned 21.03 per cent, DIIs 6 per cent.

Tata Steel, incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 161752.04 Crore) operating in Metals - Ferrous sector.

Grasim Industries, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 129842.82 Crore) operating in Diversified sector.

TVS Motor Company, incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 70921.00 Crore) operating in Auto sector.

Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 100350.32 Crore) operating in FMCG sector.

Archean Chemical Industries, incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 7597.29 Crore) operating in Chemicals sector.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 209918.20 Crore) operating in Auto sector.

Astra Microwave Products, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 3978.20 Crore) operating in Defence sector.

Satin Creditcare Network, incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2414.14 Crore) operating in NBFC sector.

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 313101.66 Crore).

Oil And Natural Gas Corporation, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 236257.64 Crore) operating in Gas & Petroleum sector.