Monday, July 21, 2008

Cipla gains on decent Q1 results

Cipla gained 1.74% to Rs 219 at 9:55 IST on BSE on reporting a 16.9% rise in net profit to Rs 140.04 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours on Friday, 18 July 2008.
The stock hit a high of Rs 219 and a low of Rs 216.10 so far during the day. The stock had a 52-week high of Rs 233.80 on 23 April 2008 and a 52-week low of Rs 160 on 22 August 2007.
The company has an equity capital of Rs 155.45 crore. Face value per share is Rs 2.
The current price of Rs 219 discounts its Q1 June 2008 annualised EPS of Rs 7.21, by a PE multiple of 30.37.
The company’s net sales rose 33.9% to Rs 1207.12 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures pharmaceutical products. The products of the company include anti-asthmatics, anti-cancer, anti-inflammatory, anti-depressant and other therapeutic index including animal health care products.

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