Sun Pharmaceutical Industries is currently trading at Rs. 1031.45, up by 11.50 points or 1.13% from its previous closing of Rs. 1019.95 on the BSE.
The scrip opened at Rs. 1027.75 and has touched a high and low of Rs. 1044.00 and Rs. 1021.00 respectively. So far 32714 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1085.40 on 30-May-2013 and a 52 week low of Rs. 605.55 on 25-Jul-2012.
Last one week high and low of the scrip stood at Rs. 1044.00 and Rs. 945.00 respectively. The current market cap of the company is Rs. 107146.49 crore.
The promoters holding in the company stood at 63.68% while Institutions and Non-Institutions held 26.00% and 10.32% respectively.
Sun Pharmaceutical Industries, which has cash balance of $1.3 billion as on March this year including its subsidiary Taro Pharmaceutical Industries, was in talks with banks to raise funds for the acquisition of Swedish firm Meda Pharmaceuticals for up to $6 billion in June. However, on account of sharp depreciation of rupee in June and patent settlement worth $550 million in the US, has opted out from the race.
Rupee’s sharp fall in June has postponed the overseas acquisition plans of many Indian companies, including Sun Pharma. The rupee leads the losers' chart among Asian currencies in the April-June quarter by plunging 8.6%, during the period due to massive capital outflows on worries of withdrawal of the US stimulus and reported cash crunch in China.
Sun Pharmaceuticals 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.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
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