Hot Pursuit
Home >> Markets >> Equity >> News >> Hot Pursuit Detailed News
Sun Pharma moves up after raising stake in Russia's PJSC Biosintez
(14:57, 14 Mar 2019)
The announcement was made after market hours yesterday, 13 March 2019.

Meanwhile, the S&P BSE Sensex was down 15.60 points, or 0.04% to 37,736.57.

On the BSE, 7.36 lakh shares were traded in the counter so far compared with average daily volumes of 4.87 lakh shares in the past two weeks. The stock had hit a high of Rs 468.40 and a low of Rs 456.30 so far during the day. The stock hit a 52-week high of Rs 678.80 on 6 September 2018. The stock hit a 52-week low of Rs 375.40 on 18 January 2019.

Sun Pharmaceutical Industries said that its wholly-owned subsidiary has increased its shareholding in PJSC Biosintez, Russia, by purchasing 33,958 shares (30,221 ordinary shares and 3,737 preferred shares) equivalent to 11.86% of PJSC Biosintez under mandatory tender offer for $3.21 million. Post completion of this purchase of shares, the total holding of wholly owned subsidiary company increased from 85.10% to 96.96% in PJSC Biosintez.

On a consolidated basis, Sun Pharmaceutical Industries' net profit rose 310% to Rs 1,461.03 crore on 16.04% increase in net sales to Rs 7,656.71 crore in Q3 December 2018 over Q3 December 2017.

Sun Pharmaceutical Industries is the world's fifth largest specialty generic pharmaceutical company and India's top pharmaceutical company.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     361.35   Up   0.60 (0.17%)   Asian Paints Ltd     1,457.55   Down   -13.70 (-0.93%)   Axis Bank Ltd     745.70   Down   -11.35 (-1.50%)   Bajaj Auto Ltd     2,957.95   Up   8.20 (0.28%)   Bajaj Finance Ltd     2,849.80   Up   13.15 (0.46%)   Bajaj Finserv Ltd     6,917.25   Down   -42.80 (-0.61%)   Bharat Petroleum Corporation Ltd     383.70   Up   4.75 (1.25%)   Bharti Airtel Ltd     327.00   Down   -4.55 (-1.37%)   Bharti Infratel Ltd     306.60   Down   -9.50 (-3.01%)   Cipla Ltd     526.85   Up   0.05 (0.01%)   Coal India Ltd     237.20   Up   5.25 (2.26%)   Dr Reddys Laboratories Ltd     2,780.95   Up   29.65 (1.08%)   Eicher Motors Ltd     21,151.35   Down   -295.50 (-1.38%)   GAIL (India) Ltd     351.65   Up   2.70 (0.77%)   Grasim Industries Ltd     815.40   Down   -4.70 (-0.57%)   HCL Technologies Ltd     1,017.65   Down   -7.20 (-0.70%)   HDFC Bank Ltd     2,281.30   Up   5.15 (0.23%)   Hero Honda Motors Ltd     2,575.70   Down   -27.60 (-1.06%)   Hindalco Industries Ltd     205.45   Down   -3.65 (-1.75%)   Hindustan Petroleum Corporation Ltd     274.25   Up   5.90 (2.20%)   Hindustan Unilever Ltd     1,673.85   Down   -4.20 (-0.25%)   Housing Development Finance Corporation Ltd     1,945.65   Down   -35.90 (-1.81%)   ICICI Bank Ltd     383.50   Down   -8.30 (-2.12%)   Indiabulls Housing Finance Ltd     713.35   Down   -13.65 (-1.88%)   Indian Oil Corporation Ltd     164.35   Up   7.30 (4.65%)   IndusInd Bank Ltd     1,683.55   Down   -15.05 (-0.89%)   Infosys Technologies Ltd     735.25   Down   -7.85 (-1.06%)   ITC Ltd     295.05   Down   -3.15 (-1.06%)   JSW Steel Ltd     278.80   Down   -6.95 (-2.43%)   Kotak Mahindra Bank Ltd     1,308.65   Down   -27.60 (-2.07%)   Larsen & Toubro Ltd     1,376.75   Down   -17.95 (-1.29%)   Mahindra & Mahindra Ltd     664.60   Down   -14.20 (-2.09%)   Maruti Suzuki India Ltd     6,522.60   Down   -30.10 (-0.46%)   NIFTY (S&P CNX)     11,354.25   Down   -102.65 (-0.90%)   NTPC Ltd     135.35   Up   0.70 (0.52%)   Oil & Natural Gas Corpn Ltd     158.65   Up   6.30 (4.14%)   Power Grid Corporation of India Ltd     202.00   Up   3.50 (1.76%)   Reliance Industries Ltd     1,324.45   Down   -17.30 (-1.29%)   State Bank of India     294.00   Down   -4.05 (-1.36%)   Sun Pharmaceuticals Industries Ltd     464.65   Down   -8.60 (-1.82%)   Tata Consultancy Services Ltd     1,984.25   Down   -21.40 (-1.07%)   Tata Motors Ltd     171.30   Down   -4.10 (-2.34%)   Tata Steel Ltd     515.15   Down   -3.25 (-0.63%)   Tech Mahindra Ltd     789.60   Up   0.85 (0.11%)   Titan Company Ltd     1,100.10   Down   -2.45 (-0.22%)   UltraTech Cement Ltd     3,871.05   Down   -58.70 (-1.49%)   UPL Ltd     912.70   Down   -22.25 (-2.38%)   Vedanta Ltd     168.25   Down   -5.65 (-3.25%)   Wipro Ltd     256.50   Down   -4.05 (-1.55%)   Yes Bank Ltd     247.25   Down   -5.35 (-2.12%)   Zee Entertainment Enterprises Ltd     416.45   Down   -18.40 (-4.23%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com