CIPLA (CIPLA)
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Reliance Surges Most Since 2020, Lifting Sensex 1,233 Points
The BSE Sensex closed at 75,692.78, up 1,233.25 points or 1.66%, while the Nifty 50 settled at 23,440.80, gaining 387.70 points or 1.68%, as Reliance Industries posted its strongest single-day gain since April 2020. The rally was driven by better-than-expected second-quarter earnings, improving domestic economic indicators, foreign investors turning buyers, and crude oil's retreat from a six-month high. The Nifty Oil & Gas index surged nearly 6% and the Nifty Metal index rose more than 3%, with Tata Steel, JSW Steel and Shriram Finance among the top gainers and the Nifty Smallcap 250 up 1.35%.
Cipla Q2 profit falls 35% to ₹878 crore as revenue slips 2%
Cipla reported a 35% year-on-year drop in Q2 profit to ₹878 crore, missing analyst estimates, with revenue down 2%. US sales met expectations but margins narrowed from a year earlier, weighing on the bottom line. The muted US performance was the key drag on the quarter.
Maharashtra FDA Cancels Cipla Pune Warehouse Drug Sale Licence
The Maharashtra FDA has cancelled Cipla's drug sale licence for its Pune warehouse, with Commissioner Tukaram Mundhe driving the action. Cipla has responded by calling the decision "disappointing" and insisting its Pune warehouse follows all protocols, setting up a potential dispute over compliance findings.
Cipla profit drops 39% in Q1
Cipla reported a 39% year-over-year decline in profits to Rs 789 crore for the first quarter. The company's stock fell after the earnings miss and sharp margin contraction.
Crude crash, US midterm wave send Nifty surging past 24,300
Benchmark indices opened sharply higher on Thursday, with the Nifty 50 jumping 400 points to 24,360.70 and the Sensex surging 1,418.56 points, or 1.84 per cent, to 78,719.96, as a near 10 per cent crash in crude oil prices and a decisive US midterm election outcome fuelled a broad-based rally across sectors.
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Cipla Share Price Live Updates: Cipla's Price Drops Below Key Moving Average - The Economic Times
Story first reported.