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UBS downgrades Cipla to ''sell''; shares fall

Last Updated: Tuesday, May 20, 2014, 11:46

Shares of Cipla Ltd fall after UBS downgrades the stock to "sell" from "buy" and reduces its target to 370 rupees from 470 rupees citing "weak" earnings outlook despite "premium" valuations.

Cipla to pick 14.6% stake in Chase Pharmaceuticals for $1.5 mn

Last Updated: Monday, May 12, 2014, 13:19

The investment will be done through Cipla's wholly owned subsidiary Cipla (EU) Ltd, UK.

Cipla ups stake in Ugandan firm, acquires 14.5% for $15 million

Last Updated: Thursday, November 21, 2013, 15:17

Pharma firm Cipla Ltd on Thursday said it has gained majority stake in Uganda-based Quality Chemical Industries Ltd with the acquisition of additional 14.5 per cent stake for USD 15 million.

Morgan Stanley downgrades Cipla to "underweight"

Last Updated: Tuesday, August 13, 2013, 14:57

Morgan Stanley downgraded Cipla Ltd to "underweight" from "equal-weight" and reduces its target price on the stock to Rs 386 from Rs 414 citing slower growth prospects and valuations.

Drugs pricing row: HC extends relief to Cipla Ltd till Aug 27

Last Updated: Tuesday, July 30, 2013, 19:22

Delhi High Court on Tuesday extended the operation of its earlier order asking the Centre not to take coercive steps against pharma major Cipla Ltd which was told to replace stocks in the market with those carrying reduced prices within 45 days of new price notification.

Cipla hopeful of achieving 12-15% revenue growth in FY13

Last Updated: Friday, August 17, 2012, 20:59

Pharma major Cipla Ltd Thursday said it is hopeful of achieving 12-15 percent revenue growth in the current financial year.