CIPLA shares jumped 10 percent
Headlines
- CIPLA shares jumped 10 percent
- USFDA investigated Goa plant
- Dia Good Manufacturing Practices Tag
Cipla Share Price: Cipla’s share price rose by up to 10% in morning trade on Thursday. Cipla has announced that its Goa plant has received approval from the USFDA (US Food and Drug Administration) for good manufacturing practices. After successful completion of inspection, Cipla can launch larger products from the plant in the US, which will be positive for it. Due to this news the company’s shares rose by 10 percent. However, after that the stock has come down a bit. Company’s shares at around 10:15 BSE But it is at Rs 1531 with an increase of 8 percent.
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Goa plant investigation
The new inspection means that Cipla’s Goa plant follows the Good Manufacturing Practices (GMP) set by the USFDA. Therefore, the company has obtained FDA approval to launch the product from this plant.
What is the return on shares?
- Cipla shares have risen 1.92% in last 5 days (up to Rs 1531)
- It has slipped by about 7.5 percent in a month
- It has gone up by 9.26 percent in 6 months
- It has increased by 22.38 percent in 2024
- This stock has strengthened by 27.65 percent in 1 year
Disclaimer: Here mainly information about share returns is given, not investment advice. There is risk in the equity market, so invest at your own risk. Before investing, definitely take expert opinion.
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