Cadila falls on earnings; broker downgrades

Cadila Healthcare shares fell as much as 8.9 per cent after earnings of the quarter ended December disappointed on Friday, followed by broker downgrades.

Cadila said its December quarter net profit fell by 30.9 per cent to Rs 103 crore.

Credit Suisse downgraded the stock to 'neutral' from 'outperform', citing delay in contribution from higher margin products.

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