Why the CSL (ASX:CSL) share price is going around in circles

The CSL Limited (ASX: CSL) share price finished March down 1.5%, largely in-line with the flat ASX 200 and 0.67% fall for the S&P/ASX Health Care (INDEXASX: XHJ). 

The CSL share price has seemingly gone nowhere since its all-time record high of $332.68 back in February 2020. Despite the lacklustre share price performance, the company has continued to lift earnings. Additionally, it has played a pivotal role in the global pandemic. 

Classic CSL growth  

CSL delivered a strong set of results for the six months ended 31 December. Its revenue increased 16.9% to US$5,739 million. This can be broken down into a 9% increase in CSL Behring revenue…