Cipla and Divis Laboratories Stocks Decline for Fifth Consecutive Session

Cipla Ltd and Divis Laboratories Ltd both declined for the fifth consecutive session on the NSE, with Cipla trading at Rs 1389.6, down 0.57%, and Divis at Rs 6125.5, down 1.77% as of 13:19 IST. Over the past year, Cipla's stock fell 3.86%, while Divis gained 2.08%. Both stocks have eased in the last month amid a 3.39% decline in the Nifty Pharma index. Trading volumes for both were below their monthly averages, and their price-to-earnings ratios stand at 21.72 and 65.83 respectively.