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Cipla bucks the trend, falls 6.4 percent

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- 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.

Healthcare stocks firm in a weak market

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Shares of healthcare companies traded firm on Thursday, helping push the sectoral index up 1.4 percent to the top of the gainers’ list.

Ranbaxy Labs gained 3.3 percent and ended as the top gainer in the healthcare index. Cipla and Sun Pharma were also among the shares that clocked decent rises.

Healthcare stocks post decent gains

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The BSE healthcare index bucked the trend and closed marginally higher on Monday, even as the Sensex dropped over 100 points.

Stocks like Dr Reddy’s, Sun Pharma, Cipla and Divi’s Labs gained over 1 percent each.

Healthcare stocks surprise in a weak mkt

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MARKETS-SOUTHASIA-STOCKSThe BSE Healthcare index bucked the trend on Friday and rose over 5 percent in a weak market that saw the main index closing 0.5 percent lower.

Dr. Reddy’s shares jumped over 10 percent, Orchid Chemicals gained over 9 percent, and Aurobindo Pharma rose over 8 percent.

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