Deven Choksey Research has issued an ACCUMULATE rating on Cipla Ltd, setting a target price of Rs 1,589 against a current market price of Rs 1,432 — an implied upside of 11%.

ICICI Securities has upgraded Cipla to a BUY rating with a revised target price of Rs 1,550, implying a potential upside of nearly 19% from the current market price of Rs 1,306.

Cipla, Bajaj Finserv, Mahindra & Mahindra, Tata Motors, SBI were among major gainers as Indian markets trade at all-time highs. Indian markets have finally crossed 26,000 mark for NSE Nifty.

SBI Life Insurance, Cipla, ICICI Bank, Bajaj Finance and Reliance were among major gainers on NSE on Thursday.

Shriram Finance shares were in demand as the financial services major reported strong growth in interest income and also reported better than expected quarterly numbers.

SBI Life shares jumped 2.08 percent on Friday and the stock is currently trading at Rs 1,830, looking bullish on technical charts.