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Cipla Ltd drops for fifth straight session

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Capital Market

Cipla Ltd is quoting at Rs 397.75, down 4.64% on the day as on 13:24 IST on the NSE. The stock tumbled 25.35% in last one year as compared to a 13.97% slide in NIFTY and a 22.69% fall in the Nifty Pharma index.

Cipla Ltd fell for a fifth straight session today. The stock is quoting at Rs 397.75, down 4.64% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 6.7% on the day, quoting at 9757.8. The Sensex is at 33357.1, down 6.56%.Cipla Ltd has eased around 10.3% in last one month.Meanwhile, Nifty Pharma index of which Cipla Ltd is a constituent, has eased around 15.6% in last one month and is currently quoting at 7623.05, down 7.71% on the day. The volume in the stock stood at 27.77 lakh shares today, compared to the daily average of 43.21 lakh shares in last one month.

 

The benchmark March futures contract for the stock is quoting at Rs 395.15, down 5.01% on the day. Cipla Ltd tumbled 25.35% in last one year as compared to a 13.97% slide in NIFTY and a 22.69% fall in the Nifty Pharma index.

The PE of the stock is 14.34 based on TTM earnings ending December 19.

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First Published: Mar 12 2020 | 1:35 PM IST

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