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| Cipla hits fresh 52-week high, gains 2% |
| BS Reporter / Mumbai Jul 16, 2009, 16:17 IST |
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The stock extended further gains and finally settled at 276, up 1.5%.The counter witnessed trades of 358,491 shares as compared to the two-week daily average traded volumes of 283,545 shares.
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(Updated a 1320hrs)
Cipla has advanced over 1% at Rs 275. The stock has gained after mid-day and touched a 52 week-high of Rs 277.
The counter has witnessed trades of around 193,000 shares so far on the BSE.
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(Updated 1320 hrs)
Cipla has slipped in early trades even as net profit increases in FY09.
The stock opened flat at Rs 273 and 2% to a low of Rs 266. The stock is now near its low at Rs 269, down over 1%. Around 59,621 stocks have been traded on the counter on the BSE so far.
The stock touched its 52-week high of Rs 275 yesterday. It is now trading 84% higher than its 52-week low of Rs 146.
According to a release issued by the company to the BSE, the net profit has increased 10% to Rs 771.02 crore in the year ended March 2009 from Rs 701.04 crore. Net sales is up 24% at Rs 4,960.6 crore from Rs 4,010.38 crore.
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