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Sun Pharma shares surge 3.2% to hit record high after unit Taro's results

Sun Pharma shares surge 3.2% to hit record high after unit Taro's results

Traders said, Sun Pharma's earnings for the corresponding quarter, due on Thursday, will beat estimates on account of Taro's performance.

Abhishek Vishnoi
  • Mumbai,
  • Updated Nov 10, 2014 10:52 AM IST
Sun Pharma shares surge 3.2% to hit record high after unit Taro's results(Photo: Reuters)

Sun Pharmaceutical' shares surged as much 3.2 per cent, hitting their record high of Rs 921.25 on Monday after unit Taro Pharma's profit grew by 49 per cent.

Unit Taro Pharmaceutical's profit for the quarter ended September 30, 2014 surged to a record level of US $143 million.

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Traders said, Sun Pharma's earnings for the corresponding quarter, due on Thursday, will beat estimates on account of Taro's performance.

(Reuters)

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Nov 10, 2014 10:23 AM IST
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