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Cipla Ltd drops for fifth straight session

  • bitnet infotech
  • January 3, 2020
  • 8:36 am

Cipla Ltd fell for a fifth straight session today. The stock is quoting at Rs 473.05, down 0.1% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.42% on the day, quoting at 12230.7. The Sensex is at 41465.32, down 0.39%.Cipla Ltd has gained around 0.65% in last one month.Meanwhile, Nifty Pharma index of which Cipla Ltd is a constituent, has increased around 0.45% in last one month and is currently quoting at 8053.95, up 1.29% on the day. The volume in the stock stood at 16.73 lakh shares today, compared to the daily average of 19.87 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 474.25, down 0.5% on the day. Cipla Ltd tumbled 7.75% in last one year as compared to a 14.01% rally in NIFTY and a 7.17% fall in the Nifty Pharma index.

The PE of the stock is 16.18 based on TTM earnings ending September 19.

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