Cipla shares tank over 7% after pharma agency reviews 15.64% fall in Q2 consolidated web revenue


New Delhi: Shares of Cipla on Monday plunged over 7 % after the pharma main reported a 15.64 % fall in consolidated web revenue for the second quarter ended September 30, 2018.

The inventory dropped 7.33 % to settle at Rs 563.90 on the BSE. Intra-day, it tanked 8.28 % to Rs 558.10.

On the NSE, shares of the corporate tumbled 7.34 % to shut at Rs 562.50.

Representational picture. Reuters.

When it comes to the fairness quantity, 7.70 lakh shares of the corporate have been traded on the BSE and over one crore shares modified fingers on the NSE throughout the day.

Cipla on Monday reported a 15.64 % fall in consolidated web revenue to Rs 366.91 crore for the second quarter ended 30 September, 2018.

The corporate had posted a web revenue of Rs 434.95 crore for the corresponding interval of the earlier fiscal, Cipla mentioned in a BSE submitting.

Consolidated whole income from operations of the corporate stood at Rs 4,011.90 crore for the quarter into account.

It was Rs 4,082.41 crore for a similar interval a yr in the past.

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