Sun Pharma’s promoter Dilip Shanghvi recently overtook Mukesh Ambani as India's richest person, with shares of Sun Pharma and Sun Pharma Advanced Research Company, or Sparc (Sun Pharma's research and development arm), closing at record highs.
A truncated week saw the Indian equity market shut shop with marginal gains on Thursday amid highly volatile trading session.
Cement, infrastructure and metal stocks witnessed considerable amount of selling pressure as a result the market tanked heavily in intra-day trades. On the other hand, FMCG and Pharma shares saw unabated buying support.
Sun Pharma’s market cap zoomed by Rs. 26,162.98 crore to Rs. 2,14,845.98 crore, clocking the biggest gain among the Top- 10 Sensex firms. Sun Pharma’s promoter Dilip Shanghvi recently overtook Mukesh Ambani as India's richest person, with shares of Sun Pharma and Sun Pharma Advanced Research Company, or Sparc (Sun Pharma's research and development arm), closing at record highs.
The combined market valuation of top five Sensex companies rose by Rs. 48,822.93 crore last week. TCS, RIL, HDFC Bank and HDFC saw gain in market cap while ITC, ONGC, Infosys, CIL and SBI lost weight.
Cement, infrastructure and metal stocks witnessed considerable amount of selling pressure as a result the market tanked heavily in intra-day trades. On the other hand, FMCG and Pharma shares saw unabated buying support.
Sun Pharma’s market cap zoomed by Rs. 26,162.98 crore to Rs. 2,14,845.98 crore, clocking the biggest gain among the Top- 10 Sensex firms. Sun Pharma’s promoter Dilip Shanghvi recently overtook Mukesh Ambani as India's richest person, with shares of Sun Pharma and Sun Pharma Advanced Research Company, or Sparc (Sun Pharma's research and development arm), closing at record highs.
The combined market valuation of top five Sensex companies rose by Rs. 48,822.93 crore last week. TCS, RIL, HDFC Bank and HDFC saw gain in market cap while ITC, ONGC, Infosys, CIL and SBI lost weight.
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