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This Article is From Aug 18, 2014

Cipla Gains After April-June Margins Expand Sequentially

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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