Cipla down 3%; Q3 net profit at Rs.343.20 crore

The company reported consolidated net profit of Rs.343.20 crore for the quarter ended December 31, 2015, registering growth of 4.68% yoy, but decline of 20.42% qoq.

Cipla stock was lower by 3% at Rs.523. The company reported consolidated net profit of Rs.343.20 crore for the quarter ended December 31, 2015, registering growth of 4.68% yoy, but decline of 20.42% qoq.

Cipla Ltd is currently trading at Rs. 525.1, down by Rs. 13.75 or 2.55% from its previous closing of Rs. 538.85 on the BSE.

The scrip opened at Rs. 533 and has touched a high and low of Rs. 540 and Rs. 521.05 respectively. So far 1455192(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 43287.01 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. 535 on 10-Feb-2016. Last one week high and low of the scrip stood at Rs. 575.75 and Rs. 535 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.