The company announced that, the Board of Directors of the Company at its meeting held on June 23, 2016 approved the buyback of its fully paid up equity shares.
Sun Pharma stock is up by 1% at Rs.756.The company announced that, the Board of Directors of the Company at its meeting held on June 23, 2016 approved the buyback of its fully paid up equity shares.
The buyback is being undertaken by the Company to return surplus funds to the equity shareholders and thereby, enhancing the overall returns to shareholders.
The scrip opened at Rs. 750 and has touched a high and low of Rs. 765 and Rs. 734.1 respectively. So far 1548754(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 180915.7 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 965.15 on 20-Aug-2015 and a 52 week low of Rs. 706.4 on 24-Nov-2015. Last one week high and low of the scrip stood at Rs. 758 and Rs. 732 respectively.
The promoters holding in the company stood at 54.97 % while Institutions and Non-Institutions held 35.37 % and 9.65 % respectively.
The stock is currently trading below its 200 DMA.
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