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Sun Pharma In The News

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Sun shines on Sun Pharma after record date for stock split

 

Sun Pharmaceuticals Industries gained 1.03% to Rs. 2343 at 11:50 IST on BSE, off the session's low of Rs. 2290, after the company fixed 26 November 2010 record date for a 5-for-1 stock split.At the day's low of Rs. 2290, the stock had lost 1.25% before the company announced record date during trading hours.Meanwhile, the BSE Sensex was down 22.45 points, or 0.11%, to 20,134.44.On BSE, 6,043 shares were traded in the counter as against an average daily volume of 23,915 shares in the past one quarter.The stock hit a high of Rs. 2355 and a low of Rs. 2290 so far during the day. The stock had hit a record high of Rs. 2380 on Friday, 12 November 2010.
 
The stock had hit a 52-week low of Rs. 1396 on 20 November 2009.The large-cap stock had outperformed the market over the past one month till 12 November 2010, rising 11.24% compared with the Sensex's 0.23% fall. It had also outperformed the market in past one quarter, gaining 33.85% as against 11.52% rise in the Sensex.The company has an equity capital of Rs. 103.56 crore. Face value per share is Rs. 5.Sun Pharmaceuticals Industries' consolidated net profit rose 11% to Rs. 503.65 crore on 15.6% increase in net sales to Rs. 1370.07 crore in Q2 September 2010 over Q2 September 2009.