| The stock gained 3.05 per cent to close at Rs 224.40 after hitting the day's high of Rs 226.75. The counter has recovered some of its lost grounds in the past few days gaining more than 11 per cent from a low of Rs 195.50 on June 23 to yesterday's close of Rs 224.40. |
| More than 3 lakh shares changed at this counter on the BSE in yesterday's trading. The entire pharma sector was recently hammered on concerns of future earning and downgrade of the sector by a leading foreign institutional investor. |
| Analysts said, higher advance tax payment indicates expectations of higher profitability for the current year for the company. |
| For the quarter ended March 31, Cipla recorded a massive 118 per cent jump in net profit to Rs 101.74 crore compared to Rs 46.73 crore in the corresponding period of the previous year. Total income surged 53 per cent to Rs 610.33 crore from Rs 399.22 crore in MQ 2003. |
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