sun pharma share price, investors’ bumper earnings; Pharma company shares at 52-week high – stock market updates sun pharma shares at 52-week high post q2 earnings, what should investors do?

Mumbai: Shares of Sun Pharmaceuticals Industries rose sharply on Wednesday on the back of good September quarter numbers. The drug maker reported a 10.51 percent increase in consolidated net profit to Rs. 2,262.22 crores which in the same period last financial year was Rs. 2,047.01 crore was Rs. Also the consolidated gross revenue from operations is Rs. 10,952.28 crores, which is Rs. 9,625.93 crores.

Meanwhile, the company’s share price is Rs. 1,038.80 and closed at Rs. 1,070.95 to hit an intraday high and a 7-year high of Rs. 1058 passed. Thus the shares hit a 52-week high in today’s session. Scripps rose 1.30 percent to Rs 1,049 apiece at 2 pm. Total expenses for the quarter under review were Rs 8,625.07 crore as against Rs 7,562.31 crore in the same period last year, according to data filed by the Mumbai-based farm company.

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Income and expenses
The total operating income of the company for the period was Rs. 10,952.28 crore, compared to Rs. 9,625.93 crores. Its total expenditure during this period was Rs 8,625.07 crore. It was Rs 7,562.31 crore during the same period last year.

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Shares hit 52-week highs
Sun Pharma’s share price rose nearly 2 percent after the quarterly results. At the end of trading the share price was Rs. 1033.10, showing an increase of 1.69% over the previous day. Also during trading, the stock was priced at Rs 1,048.25, its 52-week high.

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Market closed in red mark
Indian stock markets fell ahead of the US Federal Reserve’s policy meeting. The US Fed is expected to make another big rate hike in an effort to control inflation. Today, Wednesday November 2, the BSE Sensex closed down 215.26 points or 0.35 per cent at 60,906.09. Nifty closed down 62.60 points at 18,082.80. The Bank Nifty was down 142.90 points, or 0.35 per cent, at 41,146.70 today.