Cipla continues to do well even today. The stock which closed in the green yesterday at Rs.618.60, opened higher today at Rs.625, which was actually its days lowest, going on to hit the intra day high at Rs.645. It is currently ruling around Rs.635 levels, up 3%.

The stock continues to react positively to the announcement the company made yesterday. The company has signed an agreement with Serum Institute of India (SII) for distribution of paediatric vaccines in Europe. This collaboration with SII enables Cipla to enter into vaccines segment. The vaccines will be manufactured in Serum’s world class production facilities approved by WHO.