Shares in drugmaker Cipla gained on Monday after its April-June operating margins beat some estimates.
Shares in drugmaker Cipla gained on Monday after its April-June operating margins beat some estimates.
The company's margins expanded sequentially by nearly 4 percentage points to 20 per cent.
Investors said management maintained revenue guidance of mid-teens growth and 20 per cent margins in FY15 in a conference call.
Strong growth in India and better product mix will further aid margins, fund managers added.
Cipla shares ended 5 per cent higher at Rs 471.05.
Copyright: Thomson Reuters 2014
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