Business

‘Big Daddy’ laps up Cipla after Q1 nos beat forecast

Cipla shares inched up on high volume on Friday, after the company’s first quarter income beat the consensus estimate. On the BSE, shares closed at Rs 315.45, up 0.5% from the previous close, with Rs 2.84 lakh shares – double the 2-week average daily volume – traded. . Dealers that track stocks say the ‘Big Daddy’ of insurance companies is an important buyer. However, traders who have built positions to predict good quarterly numbers have opted to book profits in advance, thus limiting gains in the stock.

https://economictimes.indiatimes.com/markets/stocks/news/big-daddy-laps-up-cipla-after-q1-nos-beat-forecast/articleshow/6308646.cms

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