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Cipla stock falls 5 percent post Q4 earnings

The stock, after making a weak opening, further tanked 4.97 per cent to Rs 479 on BSE.  On the NSE, shares of the company dipped 4.72 per cent to Rs 480.20.

 
 
At 12:00 pm, the stock was trading more than 4 percent or 20.75 points lower at Rs 488.65 level on the BSE.
Standalone net loss was Rs 5,367.1 crore in the same quarter of the previous fiscal, the bank said in a BSE filing.
Punjab National Bank posted their Q4 earnings with a Net Profit of Rs 261.9 crore with a strong loan book growth and asset quality improvement.
Shares of Inox Wind fell as much as 19.53 per cent in early trade on Monday after the company posted poor Q4 results.
 
 
Its board recommended a dividend of Rs 3 per equity share of Re 1 each for the year ended 31 March, 2017.
The firm posted a net profit of Rs 260 crore in Q4 compared with Rs 832 crore profit for the same period of the corresponding fiscal year.
The company had posted a standalone net profit of Rs 1,114 crore in the same period previous fiscal, Hindustan Unilever Ltd (HUL) said in a BSE filing.
The company invested Rs 8,311 crore during the fiscal and its net debt was Rs 60,200 crore as of March 31.
S Chand & Company (S Chand) has listed at a 3 per cent gain at Rs 689 against its initial offer price of Rs 670 per share on the BSE.
Berkshire Hathaway's Warren Buffett has sold "a reasonable amount" of his stake in International Business Machines Corp after the stock crossed $180.
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