Shares of Sun Pharma Advanced Research Company surged more than 14% on Monday after the company reported a sharp turnaround in its March quarter earnings, supported by exceptional gains and strong profitability.
As of 12:25 PM, the stock was trading sharply higher after touching an intraday high of Rs 186.40 on heavy trading volumes.
Strong Q4 performance boosts investor sentiment
Sun Pharma Advanced reported a massive jump in its consolidated revenue for the fourth quarter. Revenue came in at Rs 1,853.2 crore, compared to Rs 27.2 crore in the corresponding quarter last year.
The company posted EBITDA of Rs 1,773.2 crore in Q4, compared to an EBITDA loss of Rs 53.2 crore in the year-ago period.
Net profit stood at Rs 1,763 crore versus a net loss of Rs 60.2 crore in the same quarter last year, marking a significant turnaround in profitability.
Stock price movement as of 12:25 PM
- Current gain: Over 14%
- Today’s low: Rs 162.36
- Today’s high: Rs 186.40
- Opening price: Rs 174.00
- Previous close: Rs 162.23
- 52-week low: Rs 108.00
- 52-week high: Rs 204.40
- Live volume: 2,58,16,672 shares
The stock witnessed strong momentum with volumes, indicating aggressive participation from traders and investors following the earnings announcement.
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