Cipla spurted 8.24% to Rs 427.40 on bargain hunting after a recent steep slide.
Shares of Cipla slumped 11.80% in the past five trading sessions to settle at Rs 394.85 yesterday, 12 March 2020 from its close of Rs 447.70 on 4 March 2020. The stock hit a 52-week low at Rs 356.75 in early trade today.
Meanwhile, Cipla's board in a meeting on Thursday, 12 March 2020, approved an interim dividend of Rs 3 per equity share and a one-time special dividend of Re 1 per share for the FY 2019-20. The record date is fixed on 20 March 2020.
On a consolidated basis, Cipla's net profit rose 5.7% to Rs 351.03 crore in Q3 December 2019 as against Rs 332.20 crore reported in Q3 December 2018. Net sales advanced 8.4% year-on-year (YoY) to Rs 4,234.55 crore in Q3 FY20.
Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex generics, and deepening portfolio in our home markets of India, South Africa, North America, and key regulated and emerging markets.
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