Cipla Ltd gains for third straight session

Cipla Ltd is up for a third straight session today. The stock is quoting at Rs 1574.65, up 1.36% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 24269.55. The Sensex is at 79387.27, down 0.1%. Cipla Ltd has gained around 4.14% in last one month.

Meanwhile, Nifty Pharma index of which Cipla Ltd is a constituent, has gained around 7.67% in last one month and is currently quoting at 22036.95, up 0.88% on the day. The volume in the stock stood at 20.32 lakh shares today, compared to the daily average of 18.51 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1572.35, up 0.64% on the day. Cipla Ltd is up 24.38% in last one year as compared to a 23.62% jump in NIFTY and a 41.62% jump in the Nifty Pharma index.

The PE of the stock is 31.59 based on TTM earnings ending June 24.