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Cipla pares early gains; shares down over 2% at close

Press Trust of India  |  New Delhi 

Shares of today gave up early gains and ended over 2 per cent down due to profit-booking.

The scrip settled at Rs 619.25, down 2.23 per cent on BSE. During the day, the stock surged 4.49 per cent to Rs 661.90.

At NSE, shares of the company slipped 2.11 per cent to end at Rs 619.15.

Drug yesterday posted a 10 per cent increase in its consolidated net profit to Rs 451 crore for the first quarter ended June 30, driven by robust sales across various markets.

The company had reported a net profit of Rs 409 crore in the same period of the previous fiscal.

Total income from operations stood at Rs 3,939 crore in the quarter, as compared to Rs 3,525 crore earlier.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 09 2018. 19:15 IST