Sun Pharma at 7-year high after good Q2 show; brokerages raise targets
Sun Pharma share price: Post second quarter results, brokerages have revised the target price on the stock
Sun Pharma share price: Sun Pharmaceuticals Industries stocks gained on Wednesday on the back of good September quarter numbers. The drug maker reported a 10.51 per cent increase in consolidated net profit at Rs 2,262.22 crore against Rs 2,047.01 crore in the same period last fiscal. Consolidated total revenue from operations stood at Rs 10,952.28 crore as against Rs 9,625.93 crore in the corresponding period in the previous financial year.
The stock opened at Rs 1,038.80 and made an intraday high of Rs 1,070.95, breaching 7-year high of Rs 1058. The counter also made a fresh 52-week high in today's session. At 2 PM, the scrip quoted Rs 1,049 apiece, up by 1.30 per cent.
Post second quarter results, brokerages have revised the target price on the stock:
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