CIPLA Plunges by 5%; BSE HEALTHCARE Index Down 0.5%

November 5, 2018 01:53 PM

CIPLA share price has plunged 5% and is presently trading at Rs 617.

Meanwhile, the BSE HEALTHCARE Index is at 14,708 (down 0.5%).

Among the top losers in the BSE HEALTHCARE Index today is CIPLA (down 5.0%).

JUBILANT LIFE SCIENCES (up 3.0%) and APOLLO HOSPITALS (up 2.8%) are among the top gainers today.

Over the last one year, CIPLA has moved down from Rs 634 to Rs 617, registering a loss of Rs 17 (down 2.7%)..

The BSE HEALTHCARE has moved up from 14,612 to 14,708, registering a gain of 96 points (up 0.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 77.8%), BIOCON LTD (up 65.6%) and PFIZER (up 64.2%).

What About the Benchmark Indices?

The BSE Sensex is at 35,123 (down 0.4%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 10,559 (down 0.6%). AXIS BANK (up 2.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,573 to 35,123, registering a gain of 1,550 points (up 3.9%).

CIPLA Financial Update...

CIPLA net profit stood at Rs 4 billion for the quarter ended June 2018, compared to a profit of Rs 3 billion a year ago. Net Sales rose 0.6% to Rs 39.4 billion during the period as against Rs 39.1 billion in April-June 2017.

For the year ended March 2018, CIPLA reported 43.6% increase in net profit to Rs 15.0 billion compared to net profit of Rs 10.4 billion during FY17.

Revenue of the company grew 4.0% to Rs 152 billion during FY18.

The current Price to earnings ratio of CIPLA, based on rolling 12 month earnings, stands at 35.6x.