Sun Pharmaceutical surges as its arm gets US FDA’s nod for generic Cardizem CD

Sun Pharmaceutical Industries Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 524715 | NSE: SUNPHARMA

01 Nov 2011 Evaluate

Sun Pharmaceutical is currently trading at Rs. 510.05, up by 6.75 points or 1.34% from its previous closing of Rs. 503.30 on the BSE.

The scrip opened at Rs. 503.75 and has touched a high and low of Rs. 512.50 and Rs. 502.05 respectively. So far 3826 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 538.45 on 26-Jul-2011 and a 52 week low of Rs. 392.05 on 09-Feb-2011.

Last one week high and low of the scrip stood at Rs. 521.15 and Rs. 497.25 respectively. The current market cap of the company is Rs. 52120.84 crore.

The promoters holding in the company stood at 63.72% while Institutions and Non-Institutions held 25.48% and 10.81% respectively.

Sun Pharmaceutical Industries’ subsidiary has been granted a tentative approval from United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) to market a generic version of Cardizem CD, Diltiazem HCL extended release capsules. These Diltiazem HCL extended release capsules are equivalent to Valeant international’s, Cardizem CD, 120mg, 180mg, 240mg, 300mg and 360mg. Annual sale in the US for these strengths is about $300 million.

Diltiazem HCL extended release capsules are indicated in the treatment of hypertension, for the management of chronic stable angina and angina due to coronary artery spasm.

Sun Pharmaceutical Industries 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

1872.40 25.10 (1.36%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1872.40
Dr. Reddys Lab	1279.70
Cipla	1304.70
Zydus Lifesciences	956.65
Lupin	2245.65
View more..

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