Cipla is currently trading at Rs. 675.00, up by 13.00 points or 1.96% from its previous closing of Rs. 662.00 on the BSE.
The scrip opened at Rs. 661.80 and has touched a high and low of Rs. 673.05 and Rs. 661.00 respectively. So far 27,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 711.45 on 29-Jan-2015 and a 52 week low of Rs. 366.70 on 24-Feb-2014.
Last one week high and low of the scrip stood at Rs. 675.00 and Rs. 624.00 respectively. The current market cap of the company is Rs. 54,396.00 crore.
The promoters holding in the company stood at 36.80%, while Institutions and Non-Institutions held 35.31% and 26.16% respectively.
Cipla has signed a definitive agreement to acquire 60% stake of Jay Precision Pharmaceuticals, Mumbai, from the existing shareholders, for a cash consideration of Rs 96 crore. Jay Precision is an existing supplier of respiratory devices to the company and has a state of the art manufacturing facility at Vasai, Maharashtra. Considering company’s leading position in inhalation therapy, this transaction is aimed at integrating the value chain and will serve as platform for development of next generation respiratory devices.
The pharmaceutical undertaking of Jay Precision Products (India) was demerged into Jay Precision effective January 01, 2014. The turnover of Jay Precision for the year ended March 31, 2014 was Rs 30 crore. The transaction is expected to be completed by end of this financial year, subject to completion of certain conditions precedent.
Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 170 countries. Its portfolio includes 2000 products in 65 therapeutic categories with one quality standard globally.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
| View more.. | |
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