📅 Cipla Limited Seasonality

Cipla Limited (CIPLA) has ended October higher in 9 of the last 22 years (41%), with an average October move of -0.5%. The strongest October was 2019 (+9.7%) and the weakest was 2008 (-22.5%).

CIPLA · data since 2004 (23 yrs) Prices through 16 Oct 2026
9/22
Octobers closed higher
-0.5%
Avg October move
-1.6%
October so far
July
Best month · avg +4.3%
February
Weakest month · avg -2.1%
23
Years of history
Current month: October 2026 historically up 41% of years (9/22) avg -0.5% best 2019 +9.7% worst 2008 -22.5% so far -1.6%

Cipla Limited's historically strongest month is July — up in 18 of 23 years (78%) with an average gain of +4.3%. The weakest month has been February, averaging -2.1% with gains in only 6 of 23 years.

📊 Average return by month

2004–2026 · completed months only
Bars above the zero line are months CIPLA typically gained; hover for hit rates.

🗓️ Month-by-month returns (2004–2026)

dashed cell = current month to date
Year JanFebMarAprMayJunJulAugSepOctNovDec
Avg -1.8-2.1+2.7+3.7-1.7+2.9+4.3+1.8+3.1-0.5+1.1+2.3
Up % 41%26%61%65%43%65%78%61%65%41%41%55%
2026 -12.4 +1.8 -9.2 +7.0 +7.0 +4.6 +0.5 -4.3 -4.5 -1.6 · ·
2025 -3.2 -4.9 +2.5 +7.5 -5.4 +2.7 +3.2 +2.2 -5.4 -0.1 +2.0 -1.3
2024 +8.4 +9.6 +1.1 -6.5 +3.4 +2.3 +4.3 +7.2 -0.0 -6.2 -1.2 -0.3
2023 -5.4 -11.0 -0.7 +0.8 +5.0 +6.5 +15.8 +7.0 -5.7 +1.2 +1.0 +2.8
2022 +0.1 -2.1 +10.1 -3.6 +1.2 -7.6 +6.6 +6.2 +7.4 +4.7 -2.4 -5.6
2021 +0.7 -4.7 +3.6 +11.7 +4.3 +2.4 -5.3 +3.0 +3.8 -8.0 +7.3 -2.8
2020 -6.5 -10.0 +5.2 +39.4 +9.9 -1.2 +12.5 -0.9 +8.6 -2.6 -1.2 +10.0
2019 -0.4 +7.2 -5.2 +7.5 -1.1 -1.0 -5.8 -9.3 -9.9 +9.7 -0.0 +2.5
2018 +3.2 -0.4 -7.5 +11.4 -13.6 +17.5 +4.0 +3.2 -1.2 -3.8 -14.0 -3.9
2017 +1.2 +1.5 +1.6 -6.0 -7.4 +7.6 +1.2 +2.1 +2.5 +7.1 -4.3 +1.3
2016 -10.0 -12.1 -0.4 +4.9 -12.0 +6.0 +5.3 +8.6 +1.6 -0.8 -1.5 +0.4
2015 +11.1 -3.7 +6.4 -10.7 +2.3 -5.4 +15.2 -3.5 -6.8 +8.6 -6.8 +0.9
2014 +2.4 -6.4 -0.4 +3.8 -3.2 +13.9 +4.2 +13.2 +21.9 +6.3 -4.7 -1.4
2013 -1.7 -11.6 +5.5 +6.7 -8.6 +5.8 +2.1 +4.7 +3.7 -4.5 -5.3 +2.4
2012 +9.5 -9.5 -3.7 +2.3 -0.7 +2.1 +7.0 +11.8 +1.0 -4.4 +14.1 -0.1
2011 -10.2 -9.8 +7.3 -3.8 +5.3 +1.5 -7.4 -7.8 +0.2 +5.0 +11.1 -2.5
2010 -5.3 -0.3 +7.0 +1.4 -7.0 +6.1 -3.0 -7.1 +6.6 +9.5 -2.7 +7.7
2009 +2.9 -0.2 +14.9 +9.4 -7.5 +13.7 +8.6 -0.8 +3.3 +2.6 +11.5 +4.7
2008 -11.0 +9.4 +6.2 -3.2 -0.4 -0.5 +3.7 +10.6 -4.7 -22.5 +13.0 -6.8
2007 -2.0 -5.8 +2.1 -10.9 +3.1 -4.3 -8.2 -11.8 +9.4 -1.9 +2.4 +16.1
2006 -1.3 +24.8 +19.9 -3.9 -9.9 -5.8 +9.3 +7.3 +4.6 -0.2 -2.7 -1.4
2005 -9.8 -9.0 -1.9 +3.3 +9.7 +8.3 +7.4 +2.5 +11.1 -5.1 +10.2 +12.8
2004 · -0.5 -1.9 +16.7 -14.5 -9.5 +17.7 -3.4 +24.5 -5.8 -0.5 +14.4

🏆 Top 25 seasonal picks — October 2026

ranked walk-forward on historical consistency · median stock so far: -1.9%
#StockRecordWin %Avg returnSo far
1 MUTHOOTFIN Muthoot Finance Limited 13/15 yrs up 87% +4.4% -5.1%
2 POKARNA Pokarna Limited 9/10 yrs up 90% +9.7% +1.2%
3 STYRENIX Styrenix Performance Materials Limited 18/22 yrs up 82% +3.7% +2.3%
4 TBZ Tribhovandas Bhimji Zaveri Limited 12/14 yrs up 86% +12.3% +19.5%
5 RAMCOCEM The Ramco Cements Limited 17/22 yrs up 77% +0.6% -4.8%
6 OBEROIRLTY Oberoi Realty Limited 12/15 yrs up 80% +6.1% -3.5%
7 PDSL PDS Limited 9/11 yrs up 82% +9.4% -2.8%
8 MCX Multi Comm. Exc. 11/14 yrs up 79% +8.9% -4.2%
9 INDOTECH Indo Tech Transformers Limited 15/20 yrs up 75% +6.7% -3.8%
10 SUZLON Suzlon Energy Limited 15/20 yrs up 75% +4.8% +6.4%
11 RSYSTEMS R Systems International Limited 15/20 yrs up 75% +4.2% -6.6%
12 IFBAGRO IFB Agro Industries Limited 16/22 yrs up 73% +11.7% -3.1%
13 GMDCLTD Gujarat Mineral Development Corporation Limited 16/22 yrs up 73% +8.5% -7.2%
14 USHAMART Usha Martin Limited 16/22 yrs up 73% +6.0% -1.5%
15 GSFC Gujarat State Fertilizers & Chemicals Limited 16/22 yrs up 73% +4.6% -1.3%
16 ICICIBANK ICICI Bank Limited 16/22 yrs up 73% +4.5% +5.7%
17 SHRIRAMFIN Shriram Finance Limited 16/22 yrs up 73% +2.8% -4.3%
18 KABRAEXTRU Kabra Extrusion Technik Limited 16/22 yrs up 73% +2.2% +0.4%
19 HIRECT Hind Rectifiers Limited 14/19 yrs up 74% +4.7% -2.7%
20 TI Tilaknagar Industries Limited 12/16 yrs up 75% +9.5% +2.0%
21 KECL Kirloskar Electric Company Limited 12/16 yrs up 75% +8.0% -1.9%
22 IMFA Indian Metals & Ferro Alloys Limited 12/16 yrs up 75% +8.0% -0.9%
23 DBREALTY Valor Estate Limited 12/16 yrs up 75% +7.4% -9.7%
24 ATULAUTO Atul Auto Limited 10/13 yrs up 77% +8.3% -5.6%
25 MINDTECK Mindteck (India) Limited 8/10 yrs up 80% +5.1% -2.8%
“So far” = return in the current (incomplete) period. Full methodology and the past-performance record of these lists: Seasonality hub →
Current quarter: Q4 2026 historically up 59% of years (13/22) avg +2.8% so far -1.6%

By quarter, Q3 (Jul–Sep) has been the strongest for CIPLA: up in 17 of 23 years, averaging +9.8%. Q1 (Jan–Mar) has been the softest (-0.8% on average). The current quarter (Q4) has historically closed higher 59% of the time.

📊 Average return by quarter

Q1 = Jan–Mar … Q4 = Oct–Dec
Calendar quarters, close-to-close. Hover for hit rates.

🗓️ Quarter-by-quarter returns

dashed cell = current quarter to date
Year Q1Q2Q3Q4
Avg -0.8+4.8+9.8+2.8
Up % 41%61%74%59%
2026 -19.0 +19.7 -8.1 -1.6
2025 -5.7 +4.4 -0.2 +0.5
2024 +20.1 -1.1 +11.7 -7.6
2023 -16.3 +12.7 +16.9 +5.1
2022 +7.8 -9.9 +21.6 -3.5
2021 -0.6 +19.2 +1.2 -4.0
2020 -11.6 +51.4 +21.0 +5.8
2019 +1.2 +5.3 -23.1 +12.4
2018 -5.0 +13.1 +6.1 -20.6
2017 +4.2 -6.3 +5.9 +3.8
2016 -21.2 -2.1 +16.2 -1.9
2015 +13.7 -13.6 +3.6 +2.2
2014 -4.5 +14.4 +43.8 -0.1
2013 -8.3 +3.2 +10.9 -7.3
2012 -4.6 +3.8 +20.8 +9.0
2011 -13.0 +2.9 -14.5 +13.7
2010 +1.0 +0.0 -3.9 +14.7
2009 +17.9 +15.1 +11.3 +19.7
2008 +3.5 -4.1 +9.3 -18.4
2007 -5.8 -12.1 -11.5 +16.6
2006 +47.8 -18.5 +22.5 -4.2
2005 -19.5 +22.6 +22.3 +17.9
2004 · -9.7 +41.6 +7.2

🏆 Top 25 seasonal picks — Q4 2026

ranked walk-forward on historical consistency · median stock so far: -1.9%
#StockRecordWin %Avg returnSo far
1 RHIM RHI MAGNESITA INDIA LIMITED 13/14 yrs up 93% +14.0% -3.8%
2 APOLLOHOSP Apollo Hospitals Enterprise Limited 19/22 yrs up 86% +6.2% -3.4%
3 RSYSTEMS R Systems International Limited 17/20 yrs up 85% +24.7% -6.6%
4 STAR Strides Pharma Science Limited 18/22 yrs up 82% +6.3% -6.7%
5 DRREDDY Dr. Reddy's Laboratories Limited 18/22 yrs up 82% +4.5% +0.0%
6 PROZONER Prozone Realty Limited 12/14 yrs up 86% +19.8% -3.9%
7 POLYMED Poly Medicure Limited 12/14 yrs up 86% +9.2% -4.8%
8 INDOTECH Indo Tech Transformers Limited 16/20 yrs up 80% +23.2% -3.8%
9 TI Tilaknagar Industries Limited 13/16 yrs up 81% +22.7% +2.0%
10 FIEMIND Fiem Industries Limited 15/19 yrs up 79% +14.2% +2.2%
11 BSOFT BIRLASOFT LIMITED 17/22 yrs up 77% +21.8% +17.1%
12 SONATSOFTW Sonata Software Limited 17/22 yrs up 77% +20.2% -4.0%
13 FACT Fertilizers and Chemicals Travancore Limited 17/22 yrs up 77% +20.1% -3.3%
14 TVSHLTD TVS Holdings Limited 17/22 yrs up 77% +15.4% -5.0%
15 APARINDS Apar Industries Limited 17/22 yrs up 77% +15.1% -7.8%
16 STYRENIX Styrenix Performance Materials Limited 17/22 yrs up 77% +11.0% +2.3%
17 EPL EPL Limited 17/22 yrs up 77% +10.4% -2.1%
18 TORNTPHARM Torrent Pharmaceuticals Limited 17/22 yrs up 77% +8.5% -5.0%
19 WIPRO Wipro Limited 17/22 yrs up 77% +8.4% +16.3%
20 HINDALCO Hindalco Industries Limited 17/22 yrs up 77% +7.6% -3.6%
21 VTL Vardhman Textiles Limited 17/22 yrs up 77% +7.4% -0.5%
22 HDFCBANK HDFC Bank Limited 17/22 yrs up 77% +6.2% +2.8%
23 COROMANDEL Coromandel International Limited 17/22 yrs up 77% +5.9% +0.0%
24 ASIANPAINT Asian Paints Limited 17/22 yrs up 77% +4.3% -2.9%
25 JPOLYINVST Jindal Poly Investment and Finance Company Limited 10/12 yrs up 83% +34.9% +2.1%
“So far” = return in the current (incomplete) period. Full methodology and the past-performance record of these lists: Seasonality hub →
❓ CIPLA seasonality — FAQ
How often does Cipla Limited rise in October?
Historically CIPLA has closed October with a gain in 9 out of 22 years — a 41% hit rate — averaging -0.5% for the month (data since 2004).
Which is the best month to buy Cipla Limited historically?
Based on 23 years of data, July has been CIPLA's strongest month: positive in 78% of years with an average return of +4.3%. Past seasonality does not guarantee future results.
Which is the weakest month for Cipla Limited?
February has historically been the weakest month for CIPLA, with an average move of -2.1% and gains in just 6 of 23 years.
Which quarter is historically strongest for Cipla Limited?
Q3 (Jul–Sep) — positive in 17 of 23 years with an average return of +9.8%.
Does seasonality guarantee future returns?
No. Seasonality is a historical tendency, not a prediction. It reflects how a stock happened to trade in past calendar periods and can break at any time. Use it as one research input alongside fundamentals and technicals, and consult a SEBI-registered adviser before investing.

Methodology: returns are close-to-close over calendar months and quarters, computed from adjusted daily prices since 2004. A period's return is only counted when the immediately preceding period also traded. Statistics cover completed periods; the current period is shown separately as “so far”. Seasonality is a historical tendency, not a prediction or investment advice. Consult a SEBI-registered adviser before investing.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI