Shares of Cipla rose at heavy volumes Friday after the company’s first-quarter profit surpassed consensus estimates. On the BSE, the stock closed at Rs 315.45, up 0.5% from the previous close, with 2.84 lakh shares – twice the 2-week average daily volume – trading. Dealers tracking the stock said the insurance company’s “Big Daddy” was a major buyer. However, traders who had built positions in anticipation of good quarterly earnings chose to make gains, limiting gains on the stock.

This post ‘Big Daddy’ Rounds Out Cipla After Q1 Nos Beat Prediction

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