Cadila Health slumps on profit taking

Cadila Healthcare, which is also known as ‘Zydus’ company is the top loser today since morning. After having a spectacular run for past couple of days, consistently hitting new highs; yesterday also it hit a new high at Rs.1760 and today, it has lost almost 4.5%, trading in the range of Rs.1565. Massive profit booking after the results, with punters exiting after the Q2 numbers has led to the stock price plummeting. The company had declared the numbers on 6^th Nov.

It had posted a good set of numbers, with consolidated net profit for the quarter showing a good growth of 52% at Rs.278 crore. This was on the strength of good topline wherein its total income rose from Rs.1747 crore to Rs.2108 crore.