India's Cipla shares fall; quarterly profit misses estimates

MUMBAI Thu Feb 7, 2013 9:14am IST

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MUMBAI Feb 7 (Reuters) - Shares in India's Cipla Ltd fell 2.07 percent in pre-open trading on Thursday a day after its October-December net profit missed estimates.

Cipla reported a 25.5 percent rise in quarterly profit on Wednesday but slightly missed street estimates as taxes surged.

Analysts added Cipla's margins also missed expectations. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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