CIPLA Share Price Down by 5%; BSE HEALTHCARE Index Down 1.8%
Tue, 10 Nov 10:54 AM

CIPLA share price has plunged 5% and is presently trading at Rs 770.

Meanwhile, the BSE HEALTHCARE Index is at 19,743 (down 1.8%).

Among the top losers in the BSE HEALTHCARE Index today are CIPLA (down 5.1%) and IPCA LABS (down 5.3%).

PFIZER (up 7.4%) and LAURUS LABS (up 2.6%) are among the top gainers today.

Over the last one year, CIPLA has moved up from Rs 480 to Rs 770, registering a gain of Rs 290 (up 60.2%)..

The BSE HEALTHCARE has moved up from 13,231 to 19,743, registering a gain of 6,512 points (up 49.2%) during the last 12 months.

The top buzzing stocks among the BSE HEALTHCARE Index stocks during this same period were LAURUS LABS (up 265.6%), GRANULES INDIA (up 221.4%) and J.B.CHEMICALS (up 168.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 42,989 (up 0.9%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 5.0%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 12,578 (up 0.9%). BAJAJ FINANCE (up 5.4%) and INDUSIND BANK (up 5.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,470 to 42,989, registering a gain of 2,519 points (up 6.18%).

CIPLA Financial Update...

CIPLA net profit stood at Rs 6 billion for the quarter ended June 2020, compared to a profit of Rs 4 billion a year ago. Net Sales declined 2.2% to Rs 42.8 billion during the period as against Rs 43.7 billion in April-June 2019.

For the year ended March 2020, CIPLA reported 2.5% increase in net profit to Rs 15.5 billion compared to net profit of Rs 15.1 billion during FY19.

Revenue of the company grew 4.5% to Rs 167 billion during FY20.

The current Price to earnings ratio of CIPLA, based on rolling 12 month earnings, stands at 35.4x.



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