Tuesday 7 June 2016

Sun Pharma’s Dilip Sanghvi may bid for oil & gas field; stock in green

Sun Pharmaceuticals Industries Ltd is currently trading at Rs. 729.3, up by Rs. 3.35 or 0.46% from its previous closing of Rs. 725.95 on the BSE.

Sun Pharmaceuticals’ Managing Director Dilip Sanghvi is reportedly being considered as one of the potential bidders for auction of new oil and gas fields kickstarted on Monday by Minister of Petroleum and Natural Gas, Dharmendra Pradhan.

Sun Pharmaceuticals Industries Ltd is currently trading at Rs. 729.3, up by Rs. 3.35 or 0.46% from its previous closing of Rs. 725.95 on the BSE.

The scrip opened at Rs. 727 and has touched a high and low of Rs. 730.65 and Rs. 710.05 respectively. So far 2671754(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 174718.3 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. 807.7 and Rs. 723.75 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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