Sun Pharma slumps 5%; Q2 net profit dips 46%

The company posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 11066.60 mn for the quarter ended September 30, 2015 as compared to Rs. 20502.20 mn for the quarter ended September 30, 2014.

Shares of Sun Pharma were lower by 5% at Rs.760.The company posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 11066.60 mn for the quarter ended September 30, 2015 as compared to Rs. 20502.20 mn for the quarter ended September 30, 2014. 

Total Income has decreased from Rs. 80084.40 mn for the quarter ended September 30, 2014 to Rs. 70289.30 mn for the quarter ended September 30, 2015.

Sun Pharmaceuticals Industries Ltd is currently trading at Rs. 760.85, down by Rs. 42.85 or 5.33% from its previous closing of Rs. 803.7 on the BSE.

The scrip opened at Rs. 763.5 and has touched a high and low of Rs. 770 and Rs. 745.95 respectively. So far 244641(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 193423.75 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. 798.8 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 877.5 and Rs. 800 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.