negative
Recently
Cipla shares slip up to 5% as profit booking weighs on trade
Cipla shares fell up to 5% amid profit booking and sector volatility despite strong fundamentals and anticipated earnings catalysts.
Cipla’s share price declined by as much as 5 % in early Wednesday trading, with profit booking and selective sector pressure weighing on sentiment among investors. Traders attributed the weakness to broader volatility in pharmaceutical and healthcare names after recent gains, prompting short-term selling. While Cipla’s fundamentals remain strong with consistent earnings delivery and robust product pipelines, caution around near term valuation and global macro cues drove the stock’s decline.