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Sun Pharma drops over 5 percent; shares hit 52-week low


Sun Pharma drops over 5 percent; shares hit 52-week low

New Delhi: Shares of Sun Pharmaceutical Industries fell by over 5 per cent amid reports that its subsidiary Taro Pharmaceutical Industries reported weak quarterly numbers.

The stock plunged 5.13 per cent to settle at Rs 474.75 on BSE. During the day, it slumped 5.63 per cent to Rs 472.20 — its 52-week low.

The scrip was the worst hit among the BSEs 30-share index pack.

On NSE, it dipped 5.19 per cent to close at Rs 474.35.

In terms of equity volume, 11.50 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

The stock has slipped for the 6th straight trading session, down over 11 per cent wiping out Rs 14,373.78 crore from its market valuation.



Source: PTI
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