News: Jubilant Life Sciences Ltd (JULS.BO)

JULS.BO on Bombay Stock Exchange

153.95INR
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Wed, Oct 29 2014

Jubilant Life plunges after posting wider loss

Reuters Market Eye - Shares in Jubilant Life Sciences plunge 14.2 percent to a two-week low.

MARKET EYE-India's Jubilant Life plunges after posting wider loss

* Shares in India's Jubilant Life Sciences plunge 14.2 percent to a two-week low. * The company reported a net loss of 941 million rupees in the September quarter, compared with a net loss of 805.8 million rupees posted a year ago. * Macquarie Securities cut its EPS estimates for the company to 23.6 rupees and 30.3 rupees for FY15 and FY16 from 26 rupees and 33.3 rupees. * "We believe free cash flow generation and margin recovery are quintessential for investors to regain confidence," it added.

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