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SPARK turns volatile as Q2 net loss widens

Capital Market 

Sun Pharma Advanced Research Company (SPARK) reported a net loss of Rs 63.16 crore in Q2 September 2019, higher than net loss of Rs 2.58 crore Q2 September 2018.

Revenue from operations slumped 71.98% to Rs 17.19 crore in Q2 September 2019 over Q2 September 2018.

The stock fell as much as 5.48% to hit an intraday low of Rs 135.50. The stock was currently trading higher by 1.85% at Rs 146.

On the BSE, 3.96 lakh shares were traded in the counter so far compared with average daily volumes of 1.29 lakh shares in the past two weeks. The stock hit a high of Rs 151.9 so far during the day.

Sun Pharma Advanced Research Company (SPARC) is a clinical stage bio-pharmaceutical company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 04 2019. 15:09 IST