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Cipla gains on bargain hunting

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Capital Market
Last Updated : Jun 04 2013 | 12:32 PM IST

Meanwhile, the S&P BSE Sensex was up 76.93 points, or 0.39%, to 19,687.41.

On BSE, 60,000 shares were traded in the counter as against an average daily volume of 1.27 lakh shares in the past one quarter.

The stock hit a high of Rs 378.40 and a low of Rs 369.40 so far during the day. The stock had hit a record high of Rs 435 on 9 January 2013. The stock had hit a 52-week low of Rs 300.70 on 12 June 2012.

The stock had underperformed the market over the past one month till 3 June 2013, sliding 8.17% compared with the Sensex's 0.18% rise. The scrip had also underperformed the market in past one quarter, sliding 0.24% as against Sensex's 3.66% rise.

The large-cap company has an equity capital of Rs 160.58 crore. Face value per share is Rs 2.

Cipla's net profit fell 8.3% to Rs 268 crore on 4.9% growth in revenue to Rs 1982 crore in Q4 March 2013 over Q4 March 2012.

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Cipla is one of India's leading pharmaceutical companies. With over 34 manufacturing units across the country, the company manufactures over 2,000 products in 65 therapies.

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First Published: Jun 04 2013 | 11:20 AM IST

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