Cipla gains after April-June margins expand sequentially

Shares in drugmaker Cipla gain after April-June operating margins beat some estimates.

PTI| Updated: Aug 18, 2014, 12:33 PM IST

Shares in drugmaker Cipla gain after April-June operating margins beat some estimates.

Margins expand sequentially by nearly 4 percentage points to 20 percent.

Investors say management maintained revenue guidance of mid-teens growth and 20 percent margins in FY15 in a conference call.

Strong growth in India and better product mix will further aid margins, fund managers add.

Cipla shares were trading up nearly 2 percent to 457.30 rupees as of 11:49 a.m.