NEW DELHI: Shares of Cipla Ltd. traded 7.44 per cent up in Friday’s trade at 12:32PM (IST). Around 953,359 shares changed hands on the counter.
The stock opened at Rs 776.25 and touched an intraday high and low of Rs 813.5 and Rs 775.95, respectively, in the session so far. Shares of the company of Cipla Ltd. quoted a 52-week high of Rs 814.45 and a 52-week low of Rs 356.75.
Total market cap of the Cipla Ltd. stood at Rs 65154.76 crore at the time of writing this report.
The company reported consolidated sales of Rs 4276.89 crore for the quarter ended 30-Jun-2020, down 0.57 per cent from previous quarter’s Rs 4301.6 crore and down 9.82 per cent from the year-ago quarter’s Rs 3894.46 crore.
The net profit for latest quarter stood at Rs 577.91 crore, up 20.85 per cent from the corresponding quarter last year.
As of 30-Jun-2020, domestic institutional investors held 16.28 per cent stake in the company, while foreign institutional investors held 18.61 per cent and the promoters 14.96 per cent.
According to BSE data, the stock traded at a P/E multiple of 39.58 and a price-to-book ratio of 2.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Cipla Ltd. belongs to the Pharma – Indian industry.