Tuesday, 28 August 2018

CIPLA at 52 Week High; BSE 500 Index Flat

CIPLA share price has hit a 52-week high at Rs 666 (up 0.7%).
Meanwhile, the BSE 500 Index is at 15,870 (up 0.4%).
Among the top gainers in the BSE 500 Index today are CIPLA (up 0.7%) and CHAMBAL FERTILISERS (up 6.8%).
EVEREADY IND. (down 6.3%) and TECHNO ELECTRIC (down 5.2%) are among the top losers today.
Over the last one year, CIPLA has moved up from Rs 573 to Rs 666, registering a gain of Rs 93 (up 15.98%).
The BSE 500 has moved up from 13,721 to 15,870, registering a gain of 2,149 points (up 15.6%) during the last 12 months.
The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 608.1%), GRAPHITE INDIA (up 296.9%) and INDIABULLS VENTURES (up 285.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,892 (up 0.5%). The top gainers among the BSE Sensex stocks today are NTPC (up 2.2%), BHARTI AIRTEL (up 1.5%) and COAL INDIA (up 1.3%). Other gainers include VEDANTA LTD (up 1.2%) and KOTAK MAH. BANK (up 1.1%). The most traded stocks in the BSE Sensex are ITC LTD and ICICI BANK.
In the meantime, NSE Nifty is at 11,751 (up 0.5%). NTPC (up 2.2%) and GAIL (up 1.6%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,751 to 38,892, registering a gain of 7,141 points (up 22.4%).

CIPLA Financial Update...

CIPLA net profit stood at Rs 4 billion for the quarter ended June 2018, compared to a profit of Rs 3 billion a year ago. Net Sales rose 0.6% to Rs 39.4 billion during the period as against Rs 39.1 billion in April-June 2017.
For the year ended March 2018, CIPLA reported 43.6% increase in net profit to Rs 15.0 billion compared to net profit of Rs 10.4 billion during FY17.
Revenue of the company grew 4.0% to Rs 152 billion during FY18.
The current Price to earnings ratio of CIPLA, based on rolling 12 month earnings, stands at 40.9x.
This article was originally published in English at www.equitymaster.com
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