Cipla shares fell on Thursday after the company announced a drop in consolidated net profit for the quarter ended December 2013.  

During the quarter, the profit of the company declined 16.46% to Rs 2,843.10 million from Rs 3,403.10 million in the same quarter last year.

Net sales for the quarter rose 22.27% to Rs 25,808 million, compared with Rs 21,108 million for the prior year period.

Shares of the company are trading at Rs 387.90, down Rs 24.9, or 6.03% at the Bombay Stock Exchange (BSE) on Thursday at 10:40 a.m.

The scrip has touched an intra-day high of Rs 404.50 and low of Rs 387.55. The total volume of shares traded at the BSE is 432,745.

In the earlier session, the shares rose 0.07%, or Rs 0.30, at Rs 412.80.

Currently, the stock is trading down 13.8% from its 52-week high of Rs 450.00 and above 9.45% over the 52-week low of Rs 354.40.