Results impact: Cipla down 5%, Coal India down 2%

Posted By:
Subscribe to GoodReturns

Results impact: Cipla down 5%, Coal India down 2%
Cipla: Quotes, News
BSE 570.40BSE Quote4.55 (0.80%)
NSE 570.85NSE Quote4 (0.70%)
Coal India: Quotes, News
BSE 305.90BSE Quote0.55 (0.18%)
NSE 305.30NSE Quote0.4 (0.13%)
A disappointing set of numbers from blue chip companies saw their share prices falling drastically, pulling benchmark indices lower.

Cipla saw its net profits falling sharply by 23 per cent, for the quarter ending Dec 31 to Rs 263 crores. Higher expenses led to operational weakness, which saw the stock dip by 5.2 per cent to Rs 390.

Coal India also saw a drop in net profits by 11 per cent to Rs 3894 crores, pushing the stock lower by 2.26 per cent at Rs 263.

Weak results from Cipla also dragged other stocks lower like Lupin Labs and Ranbaxy Labs. However, Sun Pharma, the other major Indian pharma rallied 1 per cent, following a good set of numbers posted by the company.

Hindustan Media, which also declared its numbers that were in line with expectations gained 1 per cent.

Meanwhile, Indian markets were trading lower with the Sensex falling 90 points in early trade.

GoodReturns.in

Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?