Wednesday 1 April 2015

Sun Pharma, Ranbaxy jump ahead of merger

Ranbaxy informed the BSE that committee of the directors of the company fixed 7, April 2015 as the record date to determine the names of the shareholders of Ranbaxy.

Sun Pharma
Sun Pharma and Ranbaxy is trading on a firm note as today is the last trading day of Ranbaxy Laboratories on the bourses.

Last week, Ranbaxy informed the BSE that committee of the directors of the company fixed 7, April 2015 as the record date to determine the names of the shareholders of Ranbaxy.

Sun Pharma has now jumped 4.6 per cent at Rs. 1,066 and so far has touched a high of Rs. 1,068.

The BSE counter has seen trades of around 132,000 shares, as against two-week daily average volume of 269,000 shares.

Similarly, Ranbaxy has also surged to a high of Rs. 852, and is now up 4.2 per cent at Rs. 848.

On the BSE 137,000 shares have been traded at the counter as against the daily average volume of 98,000 shares in the past two-weeks.

Meanwhile, the Sensex has added 86 points at 28,044

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