Cipla jumps after its associate company incorporates wholly-owned subsidiary
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Cipla is currently trading at Rs. 888.80, up by 10.25 points or 1.17% from its previous closing of Rs. 878.55 on the BSE.
The scrip opened at Rs. 885.00 and has touched a high and low of Rs. 899.00 and Rs. 869.55 respectively. So far 598795 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 966.00 on 20-Apr-2021 and a 52 week low of Rs. 565.90 on 15-May-2020.
Last one week high and low of the scrip stood at Rs. 924.00 and Rs. 869.55 respectively. The current market cap of the company is Rs. 71872.34 crore.
The promoters holding in the company stood at 36.73%, while Institutions and Non-Institutions held 40.43% and 22.84% respectively.
Cipla’s associate company -- GoApptiv has incorporated a wholly-owned subsidiary company namely Iconphygital with effect from May 03, 2021. Iconphygital will be involved in the business of providing man-power staffing services.
ICONPHYGITAL has been incorporated with an objective to consolidate people engaged across various projects of GoApptiv as independent consultants or through third party service providers in a single entity. The move is expected to create right compliance framework, cultural ethos for managers, increase people loyalty and retention.
Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.
