Friday, 26 May 2017

Cipla tumbles nearly 5% on weak Q4 - Free Stock Tips- 9644405056

Shares of Cipla tanked nearly 5 per cent on the Bombay stock Exchange after the drug maker reported a consolidated net loss of Rs 61.79 crore for the quarter ended March 31, 2017, compared to net loss of Rs 92.83 crore in the same quarter last year. Weighed down by weak Q4, shares of the company declined as much as 4.97 per cent to hit intra-day low of Rs 479.00 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 489.05 against previous close price of Rs 504.10.

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