Shares of Sun Pharmaceutical Industries today surged over 7 per cent after the company reported a consolidated net profit of Rs 982.51 crore for the June quarter of 2018-19.
The stock soared 6.91 per cent to end at Rs 601.65 on BSE. During the day, it jumped 8 per cent to Rs 608.10.
At NSE, shares of the company climbed 7.39 per cent to close at Rs 605.60.
The stock was the biggest gainer among the blue chips on both the key indices during the day.
The company's market valuation moved up by Rs 9,330.79 crore to Rs 1,44,351.79 crore on BSE.
In terms of equity volume, 17.90 lakh shares of the company were traded on BSE and over two crore shares changed hands at NSE during the day.
The company had posted a net loss of Rs 424.92 crore in the year-ago quarter on account of an exceptional item, Sun Pharmaceutical said in a filing to BSE.
Total revenue from operations stood at Rs 7,224.17 crore for the reported quarter. It was Rs 6,208.79 crore in the same period a year ago.
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