SPARC up 1%; RIC extends closure of issue until April 13

SPARC has extended the closure of issue from April 11, 2016 to April 13, 2016 after receiving requests from shareholders.

Pursuant to the authority given by the Board of Directors in relation to the right issue matters and in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sun Pharma Advanced Research Company Ltd has informed BSE that the Right Issue Committee in its meeting on April 11, has extended the closure of issue from April 11, 2016 to April 13, 2016, based on requests received from the shareholders of the company.


Stock view:

Sun Pharma Advanced Research Company Ltd is currently trading at Rs. 289.3, up by Rs. 2.75 or 0.96% from its previous closing of Rs. 286.55 on the BSE.

The scrip opened at Rs. 287.9 and has touched a high and low of Rs. 289.3 and Rs. 287.55 respectively. So far 3556(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7075.13 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 508.82 on 15-Apr-2015 and a 52 week low of Rs. 243.43 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 298.3 and Rs. 279 respectively.

The promoters holding in the company stood at 67.4 % while Institutions and Non-Institutions held 7.99 % and 24.61 % respectively.

The stock is currently trading above its 200 DMA.