India's Cipla shares fall; quarterly profit misses estimates
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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The BSE Sensex on Tuesday breached the psychologically key level of 27,000 points for the first time to hit its third consecutive record high as blue-chips such as HDFC Bank gained after recent data raises hopes about the economy. Full Article