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Sun Pharmaceuticals trades higher on the bourses

08 Dec 2014 Evaluate

Sun Pharmaceutical Industries is currently trading at Rs. 829.20, up by 7.90 points or 0.96% from its previous closing of Rs. 821.30 on the BSE.

The scrip opened at Rs. 822.60 and has touched a high and low of Rs. 839.00 and Rs. 821.00 respectively. So far 98946 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 932.00 on 10-Nov-2014 and a 52 week low of Rs. 552.50 on 14-Mar-2014.

Last one week high and low of the scrip stood at Rs. 856.15 and Rs. 819.75 respectively. The current market cap of the company is Rs. 172196.57 crore.

The promoters holding in the company stood at 63.65 % while Institutions and Non-Institutions held 27.36 % and 8.99 % respectively.

Sun Pharmaceuticals Industries has received approval from Foreign Investment Promotion Board (FIPB) for issuing equity shares of the Company to the non-resident investors of Ranbaxy Laboratories pursuant to the merger of Ranbaxy Laboratories into Sun Pharmaceutical Industries through the scheme of arrangement between Ranbaxy and Sun Pharmaceutical Industries. This approval made it closer to remove one more regulatory hurdle for the merger of Ranbaxy Laboratories with Sun Pharmaceutical Industries.

Earlier, the two leading stock exchanges -- BSE and NSE -- have given clearance to $4-billion merger of Ranbaxy Laboratories with Sun Pharmaceutical Industries. The ‘no-objection’ from the two exchanges would allow both the entities to file their scheme of amalgamation with the High Court for further clearance of the deal and marks one of the numerous regulatory approvals that Sun Pharma and Ranbaxy need to consummate for the transaction.

Sun Pharmaceutical Industries is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India, US and several other markets across the world.

Sun Pharma Inds. Share Price

1779.35 -10.10 (-0.56%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1779.35
Dr. Reddys Lab 1267.05
Cipla 1397.75
Zydus Lifesciences 1085.45
Lupin 2248.70
View more..

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