BUZZ-PREVIEW-India's Cipla climbs; analysts upbeat on domestic earnings, cautious on US

Reuters01-23
BUZZ-PREVIEW-India's Cipla climbs; analysts upbeat on domestic earnings, cautious on US

** Shares of Cipla CIPL.NS edges up nearly 1% to 1,383 rupees ahead of Q3 results

** On avg, analysts expect about 20% y/y profit fall to 12.42 bln rupees ($135.6 mln), 5.7% rev rise to 74.76 bln rupees - data compiled by LSEG

** Jefferies expects strong Q3 for domestic pharma on robust growth in chronic therapies such as cardiac, diabetes, and respiratory

** Adds, generic-heavy businesses may be relatively muted

** Ambit Capital says co's India growth to improve on strong seasonal demand in core therapies

** Adds, co's U.S. market to be hit by falling generic multiple myeloma drug gRevlimid sales, partly offset by ramp-up in drugs for asthma, cancer treatment, hormone-related tumors

** Cipla rated 'hold' on avg by 36 analysts with median PT at 1,675 rupees; rival Sun Pharma SUN.NS rated 'buy' on avg, PT at 1,971.5 rupees - data compiled by LSEG

($1 = 91.6050 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

((Yagnoseni.Das@thomsonreuters.com;))

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