Cipla Ltd drops for fifth straight session

Cipla Ltd is quoting at Rs 419.2, down 0.71% on the day as on 13:24 IST on the NSE. The stock tumbled 24.41% in last one year as compared to a 7.62% rally in NIFTY and a 11.49% fall in the Nifty Pharma index.

Feb 27, 2020 08:02 IST capital market

Cipla Ltd fell for a fifth straight session today. The stock is quoting at Rs 419.2, down 0.71% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 11615.1. The Sensex is at 39648.31, down 0.6%.Cipla Ltd has eased around 9.79% in last one month.Meanwhile, Nifty Pharma index of which Cipla Ltd is a constituent, has eased around 6.6% in last one month and is currently quoting at 7839.2, up 0.32% on the day. The volume in the stock stood at 33.79 lakh shares today, compared to the daily average of 31.49 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 419.95, down 0.37% on the day. Cipla Ltd tumbled 24.41% in last one year as compared to a 7.62% rally in NIFTY and a 11.49% fall in the Nifty Pharma index.

The PE of the stock is 14.51 based on TTM earnings ending December 19.

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