India's Cipla gains after April-June margins expand sequentially

Written by Reuters | Updated: Aug 18 2014, 16:57pm hrs
Shares in drugmaker Cipla gain 1.4 percent after April-June operating margins beat some estimates.

Margins expand sequentially by nearly 4 percentage points to 20 percent.

Investors say management maintained revenue guidance of mid-teens growth and 20 percent margins in FY15 in a conference call.

Strong growth in India and better product mix will further aid margins, fund managers add.