CIPLA: _Downgrades by all major brokerage_

1) CLSA downgraded from Outperform to UNDERPERFORM. Cuts TP by 20%

2) MS downgraded from Outperform to UNDERPERFORM. Cuts TP by 25% to 485

Q4 Cons *Loss*at Rs 61.8 cr vs poll ( PAT)of Rs 347cr.

EBITDA At Rs 506.2 Cr Vs Poll Of Rs 675.4 Cr (Negative numbers for stock prices)