Wednesday, 17 February 2016

Cipla declines 1%; government approves investment by Mauritius-based FIL Capital Investments

The company said the government has approved an investment by Mauritius-based FIL Capital Investments in its subsidiary, Cipla Health Ltd.


Cipla is currently trading at Rs. 516, down by Rs. 8.05 or 1.54% from its previous closing of Rs. 524.05 on the BSE. The company said the government has approved an investment by Mauritius-based FIL Capital Investments in its subsidiary, Cipla Health Ltd.

The scrip opened at Rs. 524.1 and has touched a high and low of Rs. 525.25 and Rs. 514 respectively. So far 234782(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 42098.09 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 752.45 on 10-Mar-2015 and a 52 week low of Rs. 518 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 559.2 and Rs. 518 respectively.

The promoters holding in the company stood at 36.79 % while Institutions and Non-Institutions held 34.79 % and 26.33 % respectively.

The stock is currently trading above its 200 DMA.

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