You are here: Home » Companies » News
Business Standard

Cipla shares continue to fall post Q2 results; plunge nearly 6%

At NSE, shares of the company dropped 5.87% to close at Rs 529.95

Press Trust of India  |  New Delhi 

v
Representative Image

Shares of continued to fall Tuesday, plunging nearly 6 per cent, after the pharma major reported a 15.64 per cent fall in consolidated net profit for the second quarter ended September 30.

The stock slumped 5.68 per cent to end at Rs 531.85 on During the day, it tanked 6.34 per cent to Rs 528.10.

At NSE, shares of the company dropped 5.87 per cent to close at Rs 529.95.

In terms of equity volume, 700,000 shares of the company were traded on and over one crore shares changed hands at during the day.

Shares of had on Monday plunged over 7 per cent.
 

Monday reported a 15.64 per cent fall in consolidated net profit to Rs 366.91 crore for the second quarter ended September 30, 2018.

The company had posted a net profit of Rs 434.95 crore for the corresponding period of the previous fiscal, Cipla said in a filing.

Consolidated total revenue from operations of the company stood at Rs 4,011.90 crore for the quarter under consideration.

It was Rs 4,082.41 crore for the same period a year ago.

First Published: Tue, November 06 2018. 16:45 IST
RECOMMENDED FOR YOU