INSUBCONTINENT EXCLUSIVE:
Sun Pharma share price today: The stock rose more than 4% in intraday trade during Wednesday's sessionSun Pharmaceutical Industries shares
jumped more than 4 per cent on Wednesday, a day after the drug maker reported strong quarterly earnings
The share price of Sun Pharma advanced as much as 4.2 per cent on the National Stock Exchange to touch Rs 455.00 in morning deals, compared
with its closing price of Rs 436.60 the previous day
Sun Pharmaceutical Industries (Sun Pharma) shares traded with high volumes during Wednesday's session
At 10:54 am, Sun Pharma shares traded 1.5 per cent higher at Rs 443.30 on the bourse, outperforming the markets.Sun Pharmaceutical
Industries post-market hours on Tuesday reported a net profit of Rs 1,242 crore for the quarter ended December 31, 2018, as against Rs 322
crore for the corresponding period a year ago
Sun Pharma's net profit was better than analysts' estimates on strong sales in the US market
crore - related to changes in US tax rates - in the year-ago period.Sun Pharma's sales in the US account for more than 34 per cent of its
Sun Pharma said its India sales grew 7 per cent to Rs 2,235 crore, while US sales increased 10 per cent to $362 million.The Sun Pharma
shares' price has declined 35 per cent over the past five months.As of 11 am, around 9.5 lakh Sun Pharma shares had changed hands on the
Bombay Stock Exchange (BSE), compared with a two-week average of 5.6 lakh, stock exchange data showed.Sun Pharma shares were among the top
