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28 December, 2014 20:52 IST
Cipla surges after cutting prices of 3 key cancer drugs
Source: IRIS | 04 May, 2012, 09.48AM
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Cipla surged on Friday after it dropped the prices on three of its key cancer medicines.

According to media reports, the company has significantly dropped its price on generic Sorafenib, used in advanced kidney cancer, from Rs 27,950 to the patient per month to Rs 6,840.

Shares of the company are trading at Rs 328.20, up Rs 10.8, or 3.40% at the Bombay Stock Exchange (BSE) on Friday at 9:43 a.m.

The scrip has touched an intra-day high of Rs 329 and low of Rs 318.80. The total volume of shares traded at the BSE is 119,881.

In the earlier session, the shares fell 0.02%, or Rs 0.05, at Rs 317.40. Currently, the stock is trading down 8.58% from its 52-week high of Rs 359 and above 19.96% over the 52-week low of Rs 273.60.

Share Price Movement
Period Price
in Rs
in Rs in %
1 Week 310.00 7.40 2.39
1 Month 305.95 11.45 3.74
3 Months 344.85 (27.45) (7.96)
6 Months 293.70 23.70 8.07
1 Year 303.40 14.00 4.61
Note: Based on previous day closing price.

Cipla Limited   (Q,N,C,F)*

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