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      Cipla gains after good Q1 results

      MoM Team / Mumbai, Aug 11, 2017 01:39 PM IST

        Cipla gains after good Q1 results

        Cipla rose 1.3 percent to Rs 556 on BSE after consolidated net profit rose 23.63 percent to Rs 424.92 crore on 0.03 percent growth in total income to Rs 3676.43 crore in Q1 June 2017 over Q1 June 2016.

        The result was announced during market hours today, 11 August 2017.

        Meanwhile, the S&P BSE Sensex was down 304.47 points or 0.97 percent at 31,226.86.

        On the BSE, 1.97 lakh shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one quarter. The stock had hit a high of Rs 563.15 and a low of Rs 526.30 so far during the day. The stock had hit a 52-week high of Rs 621.90 on 6 February 2017 and a 52-week low of Rs 479 on 26 May 2017.

        The stock had outperformed the market over the past one month till 10 August 2017, sliding 0.1 percent compared with the Sensex's 0.58 percent fall. The stock had, however, underperformed the market over the past one quarter, sliding 1.94 percent as against the Sensex's 4.24 percent rise. The scrip had also underperformed the market over the past one year, advancing 5.13 percent as against the Sensex's 13.52 percent rise.

        The large-cap company has equity capital of Rs 160.94 crore. Face value per share is Rs 2.

        Cipla is a global pharmaceutical company.


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