Cipla gains after April-June margins expand sequentially

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Reuters
Last Updated : Aug 18 2014 | 5:16 PM IST

Reuters Market Eye - Shares in drugmaker Cipla gain after April-June operating margins beat some estimates.

Margins expand sequentially by nearly 4 percentage points to 20 percent.

Investors say management maintained revenue guidance of mid-teens growth and 20 percent margins in FY15 in a conference call.

Strong growth in India and better product mix will further aid margins, fund managers add.

Cipla shares ended 5 percent higher at 471.05 rupees.

(Reporting by Abhishek Vishnoi)

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First Published: Aug 18 2014 | 5:08 PM IST

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