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Cipla trades in green on the bourses

18 Oct 2016 Evaluate

Cipla is currently trading at Rs. 589.50, up by 5.05 points or 0.86% from its previous closing of Rs. 584.45 on the BSE.

The scrip opened at Rs. 589.45 and has touched a high and low of Rs. 589.75 and Rs. 583.00 respectively. So far 102074 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 704.75 on 29-Oct-2015 and a 52 week low of Rs. 458.25 on 25-May-2016.

Last one week high and low of the scrip stood at Rs. 598.90 and Rs. 580.00 respectively. The current market cap of the company is Rs. 47368.00 crore.

The promoters holding in the company stood at 37.47%, while Institutions and Non-Institutions held 34.54% and 27.99% respectively.

Cipla has inked a memorandum of agreement for South Africa’s first biosimilars manufacturing facility to be set up at a cost of nearly $91 million. The construction of the new facility is scheduled to start early next year, with full operations expected to commence in the third quarter of 2018.

The agreement with KwaZulu-Natal Dube Trade Port Special Economic Zone for Cipla BIOTEC’s new facility was concluded on the margins of BRICS Summit in Goa. The facility will be South Africa’s first biotech manufacturing unit for the production of biosimilars. It is set to produce a range of affordable treatments for cancer and other autoimmune diseases for the African and global market.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. For 80 years, Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 100 countries.

 

Cipla Share Price

1232.95 -5.35 (-0.43%)
20-Apr-2026 14:37 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1668.90
Dr. Reddys Lab 1235.10
Cipla 1232.95
Zydus Lifesciences 936.50
Lupin 2327.10
View more..

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