Cipla falls 1.2% amid weak market; divests 51% in UAE subsidiary
Cipla Middle East Pharmaceuticals, UAE and Cipla Medica Pharmaceutical and Chemical Industries, Yemen have ceased to be subsidiaries of the pharma firm
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Cipla Middle East Pharmaceuticals, UAE and Cipla Medica Pharmaceutical and Chemical Industries, Yemen have ceased to be subsidiaries of the pharma firm
Cipla shares slipped 2.30% to Rs 1210.30 on BSE against the previous close of Rs 1238.85. The stock opened lower at Rs 1231 on Thursday.
Cipla shares ended flat at Rs 1242, rising 0.56% or Rs 6.95 on BSE against the previous close of Rs 1235.20.
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This increase in consolidated net profit could be attributed to the rising demand for its drugs and inhalers and a boost in its new ventures.