'Big Daddy' laps up Cipla after Q1 nos beat forecast

ET BureauLast Updated: Aug 14, 2010, 03:35:00 AM IST

Synopsis

Shares of Cipla inched up connected dense volumes connected Friday, aft the company’s archetypal 4th net bushed the statement estimate.

Shares of Cipla inched up connected dense volumes connected Friday, aft the company’s archetypal 4th earnings bushed the statement estimate. On the BSE, the banal closed astatine Rs 315.45, up 0.5% implicit its erstwhile close, with 2.84 lakh shares — doubly the 2-week mean regular measurement —being traded. Dealers tracking the banal said the ‘Big Daddy’ of security companies was a cardinal buyer. However, traders who had built up positions successful anticipation of bully quarterly numbers, chose to publication profits, frankincense restricting gains successful the stock.

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