After Receiving a Warning Letter From the US Food and Drug Administration, Cipla’s Stock Price Drops More Than 7%, Making It the Top Loser in the Nifty 50

Cipla’s stock dropped more than 7% on Thursday after the US FDA issued a warning notice to the company’s Pithampur plant.

[{"selector":"#anim-4ad61146-a30e-42f9-8919-31f72fceeb29 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.677062897856686%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-cf8f6af0-3782-4ca1-ae2f-83979b5bc790","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a750b19-2b31-49d6-a00d-93c094b5ba5c","keyframes":{"transform":["translate3d(0px, 148.49037%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5348a5f-4743-417e-8604-9ce060d1c42f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c1a08047-8e4f-4212-b8db-fbd867681636","keyframes":{"transform":["translate3d(0px, 104.85400%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The stock failed to hold above the swing high of the August month and may underperform in the near term.

[{"selector":"#anim-9abb9b25-8cdb-4546-9da7-d80febb3d0d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93f58c44-62eb-4e27-bb4b-730d55c28408","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d72aa6d4-42be-4d47-8948-d49d05168cc4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3fa22ad-0d5c-467f-9778-d543bc623260","keyframes":{"transform":["translate3d(0px, 175.46901%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8b74af5-e006-4f14-9dc7-14d0b281d0fa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.25730509927914%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Cipla’s share price today started at an intraday high of 1,272.95 per share on the BSE.

[{"selector":"#anim-2bd843d5-f76a-431f-8c10-2e34734e79db [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.42187490633622%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-f0a2ef07-2e27-4757-8f4d-bd158736a8b0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b45c45a-4832-4a32-b6df-cf4376605107","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-24f2e6b6-c7be-4c4d-baca-493e2173e3ed","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4eeba85-e0a1-4d47-91b0-c5666cce36af","keyframes":{"transform":["translate3d(0px, 195.34058%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Cipla‘s share price today started at an intraday high of 1,272.95 per share on the BSE. Cipla has emerged as the Nifty 50’s top laggard thus far today.

[{"selector":"#anim-ca80c81c-395d-498c-a35d-6307ac831909 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999703120253%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-412f1425-a908-4984-8a05-79d0d1bb05db","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f76b912a-75bc-4315-ba7f-6e07eabd6762","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4963ac7d-4554-4d90-ac5d-4e313d66cfe8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e0040ab-bb34-4264-aa50-63f5d40e05f5","keyframes":{"transform":["translate3d(0px, 146.85992%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Prices rose in the previous three sessions, but today’s weakness erased the previous two weeks’ gains.

[{"selector":"#anim-5e569e8b-af2e-434a-8f2c-f70b7d5241b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.726841241369522%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-c0b21b42-99dc-4108-8666-fff2c91965d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cac64f5-4c72-4fa8-97d2-a88a3c89db75","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f8683013-dbc1-463c-a763-f3fb6e055759","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22cac361-84e8-413b-92e8-7320ea037ff7","keyframes":{"transform":["translate3d(0px, 202.59864%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Cipla stock has dropped owing to unfavorable news flows, according to Ruchit Jain, Lead Research Analyst at 5paisa.

[{"selector":"#anim-8e473ed3-fb9a-4dee-aa1c-40107a0c752f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-35.93749994066849%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-4342b5f8-34b4-4bde-80e9-0ebce47988f5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0691022-e6bd-4c54-a477-abe2b062023c","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79b76506-1d5d-4f6d-a2b0-bc58eec365a9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-efd0c787-219e-4f95-968d-84c6d008fa4a","keyframes":{"transform":["translate3d(0px, 172.87160%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]