Money on the markets

A maturing market amid the mayhem

Cipla bucks the trend, falls 6.4 percent

May 10, 2010
Cipla bucks the trend, falls 6.4 percent
Shares in Cipla fell more than 6 percent on Monday to close at 319 rupees, even as the BSE Sensex surged 561 points.
Shares of the drugmaker tumbled as its March quarter net profit, announced on Friday, were below estimates.
Overall the healthcare space too remained weak, with the sectoral index ending marginally down.
Healthcare index was the only one that ended in red in an otherwise strong market. The index has gained 4.7 percent since mid-March, far higher than the near 1 percent gain in the Sensex.
Some other firms like Pfizer and Apollo Hospital too ended in red.
Would you consider investing in Cipla at this stage?

Shares in Cipla fell more than 6 percent on Monday to close at 319 rupees, even as the BSE Sensex surged 561 points.

Shares of the drugmaker tumbled as its March quarter net profit, announced on Friday, were below estimates.

Overall the healthcare space too remained weak, with the sectoral index ending marginally down.

Healthcare index was the only one that ended in red in an otherwise strong market. The index has gained 4.7 percent since mid-March, far higher than the near 1 percent gain in the Sensex.

Some other firms like Pfizer and Apollo Hospitals too ended in red.

Would you consider investing in Cipla at this stage?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •