Credit Suisse downgrades Cadila Healthcare shares as earnings disappointment
Reuters: Mumbai, Feb 11 2013, 12:04 IST
Credit Suisse downgraded Cadila Healthcare shares to 'neutral' from 'outperform', citing delay in contribution from higher margin products.
Cadila said its December quarter net profit fell by 30.9 percent to 1.03 billion rupees.
Cadila Healthcare shares fell as much as 8.9 percent after October-December earnings disappointed on Friday, followed by broker downgrades.
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