A maturing market amid the mayhem
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 Hospitals too ended in red.
Would you consider investing in Cipla at this stage?