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    Trending stocks: Cadila Healthcare shares gain nearly 3%

    Synopsis

    A total of 156,390 shares changed hands on the counter till 10:42AM (IST).

    zydus-cadila-bccl
    Total market cap of the Cadila Healthcare Ltd. stood at Rs 35575.06 crore at the time of writing this report.
    NEW DELHI: Shares of Cadila Healthcare Ltd. traded 2.71 per cent up in Friday's trade at 10:42AM (IST). Around 156,390 shares changed hands on the counter.

    The scrip opened at Rs 343.0 and touched an intraday high and low of Rs 352.4 and Rs 341.95, respectively, in the session so far. Shares of the company of Cadila Healthcare Ltd. quoted a 52-week high of Rs 378.0 and a 52-week low of Rs 206.45.

    Total market cap of the Cadila Healthcare Ltd. stood at Rs 35575.06 crore at the time of writing this report.

    The drug firm said its manufacturing facility at Baddi in Himachal Pradesh has received an establishment inspection report (EIR) from the US health regulator with no action indicated classification.

    Key Financials
    The company reported consolidated net sales of Rs 3534.5 crore for the quarter ended 31-Dec-2019, up 8.95 per cent from previous quarter's Rs 3244.2 crore and up 0.52 per cent from the year-ago quarter's Rs 3516.1 crore.

    The net profit for latest quarter stood at Rs 371.4 crore, down 27.28 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2020, DIIs held 7.33 per cent stake in the firm, while foreign institutional investors held 4.41 per cent and the promoters 74.88 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 28.44 and a price-to-book ratio of 3.05. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Cadila Healthcare Ltd. belongs to the Pharma - Indian industry.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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