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Sun Pharma share price up 3 per cent on good Q2 earnings

Shares of the company jumped by 3.4 per cent to Rs 521 on the BSE, while on the NSE, the scrip gained 3.5 per cent to Rs 522.

twitter-logoPTI | November 14, 2011 | Updated 12:49 IST

Drug-maker Sun Pharmaceutical Industries gained over 3 per cent on the bourses on Monday after the company reported 19 per cent growth in net profit to Rs 598 crore for the quarter ended September 30.

Shares of the company jumped by 3.4 per cent to Rs 521 on the BSE, while on the NSE, the scrip gained 3.5 per cent to Rs 522.

The drug-maker's scrip was also the top gainer among the Sensex-30 blue-chips in morning trade.

Sun Pharmaceutical Industries has reported 19 per cent growth in net profit to Rs 598 crore for the quarter ended September 30 on account of robust performance across its businesses.

In the corresponding year-ago period, the company had posted a net profit of Rs 503.65 crore.

On a standalone basis, Sun Pharma's net profit increased to Rs 437.55 crore in the second quarter ended September 30 from Rs 345.72 crore in the year-ago period.

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