Cadila Healthcare gains after fixing record date for stock split

Cadila Healthcare rose 3.79% to Rs 2,010.50 at 14:14 IST on BSE after the company fixed 7 October 2015 as record date for five-for-one stock split proposal.

The announcement was made during trading hours today, 23 September 2015.

Meanwhile, the BSE Sensex was up 185.22 points, or 0.72%, to 25,837.06

On BSE, so far 15,148 shares were traded in the counter, compared with an average volume of 12,847 shares in the past one quarter.

The stock hit a high of Rs 2,015.95 and a low of Rs 1,896.40 so far during the day. The stock hit a record high of Rs 2,045 on 17 July 2015. The stock hit a 52-week low of Rs 1,139 on 7 October 2014.

The stock had outperformed the market over the past one month till 22 September 2015, falling 0.71% compared with Sensex's 6.26% fall. The stock had also outperformed the market in past one quarter, surging 9.64% as against Sensex's 7.49% fall.

The large-cap company has an equity capital of Rs 102.37 crore. Face value per share is Rs 5.

Cadila Healthcare's consolidated net profit rose 47.1% to Rs 353.39 crore on 22.4% increase in total income to Rs 2521.48 crore in Q1 June 2015 over Q1 June 2014.

Cadila Healthcare is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.

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