Sanofi India rises most in nearly two years on special dividend plans

Sanofi India

14/07/2022 06:45

July 14 (Reuters) -    ** Shares of drugmaker Sanofi India
 SANO.NS  rise as much as 5.6% to 6,863.95 rupees, their biggest
intraday pct gain since September 2020
    ** SANO said on Wednesday it will consider a one-time
special interim dividend when its board meets to consider its
June-qtr results on July 26  urn:newsml:reuters.com:*:nFWN2YU2V8
    ** SANO shares touch highest level since June 6
    ** More than 37,473 shares changed hands vs 30-day average
of 6,133 shares
    ** Six of eight analysts covering the stock have a "buy" or
"strong buy" rating, one has "hold" while one rates it at
"strong sell"; median PT is 8,549 rupees - Refinitiv data
    ** Stock down 14.2% YTD up to last close, vs an 11.3% drop
in Nifty Pharma index  .NIPHARM 

    

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((Meenakshi.Maidas@thomsonreuters.com;))