Today the National Stock Exchange (NSE) Nifty50 index which closed near 11,278.90 at previous trading session is now opened near 11,258.70 on a lower note. Currently, it is trading near 11,270.40, 8.50 points down. (12:35 PM IST)
During the trading session, many stocks touched their fresh 52-week lows on NSE today including the Cadila Healthcare Ltd which break its previous low of Rs. 282.30 and touched the new 52-week low of Rs. 273.25.00 in today’s trading session. It is after when the broking firm CLSA downgraded the stocks to sell from buy.
The share price of Cadila Healthcare declined 29 percent in the last 1 year. With the recent approval from the USFDA to market Chlorthalidone Tablets USP, 25 mg and 50 mg there is some hope to see growth and revenue in distant future which may surge the share price of Cadila Healthcare in future.