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Cadila Falls On Earnings, Broker Downgrades

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Cadila Healthcare shares fell as much as 8.9 per cent after October-December earnings disappointed on 8 February, 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.

(Reuters)