Sun Pharmaceutical Industries shares rose on Friday after it reported 56.90% rise in consolidated net profit at Rs 15.87 billion for the quarter ended Mar. 31, 2014 as against Rs 10.12 billion in the last year period. Market was expecting profit to come at 13.34 billion.
Total consolidated income increased 31.47% to Rs 40.59 billion from Rs 30.87 billion in the same period a year ago. Market was expecting sales to come at Rs 41.67 billion.
Shares of Sun Pharmaceutical Industries are trading at Rs 594.35, up Rs 6.75, or 1.15% at the Bombay Stock Exchange (BSE) on Friday at 10:27 a.m.
The scrip has touched an intra-day high of Rs 597.35 and low of Rs 590.10. The total volume of shares traded at the BSE is 53,976.
In the earlier session, the shares gained 0.63%, or Rs 3.7, at Rs 587.60.
Currently, the stock is trading down 9% from its 52-week high of Rs 653.10 and above 29.77% over the 52-week low of Rs 458.00.