Sun Pharma falls 1.3%; pays Rs. 500 cr interest on NCDs

Sentiment has been subdued on the counter for a while

Sun Pharmaceutical Industries Ltd’s southward journey continues for yet another trading session. The scrip is currently trading 1.3% lower at Rs. 709.15 on BSE, which is a 16-month low level.

On Monday, the company announed payment of Rs. 500 crore as interest on NCDs.
 
The scrip opened at Rs. 717.9 and has touched a high and low of Rs. 720.3 and Rs. 706.5 respectively. So far 50,70,852 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 172967.09 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1200.7 on 07-Apr-2015 and a 52 week low of Rs. 714.1 on 23-Nov-2015. Last one week high and low of the scrip stood at Rs. 761.75 and Rs. 714.1 respectively.

The promoters holding in the company stood at 54.71 % while Institutions and Non-Institutions held 35.62 % and 9.68 % respectively.

The stock is currently trading above its 200 DMA.