India's Sun Pharma Advanced hits more than four-mth high on Q3 profit

Sun Pharma Advanced Research

13/02/2023 09:59

** Shares of Sun Pharma Advanced Research Co  SPRC.NS  rise
as much as 14.9% to 216.5 rupees, their biggest intraday pct
gain since Sept. 29
    ** Co reports Q3 profit of 101.5 million rupees ($1.2
million) vs a loss of 158.4 mln rupees a year ago
    ** Co saw ~111% jump in its rev from ops to 1.31 bln rupees
    ** More than 3.9 mln shares change hands by 03:10 p.m. IST,
18.6x 30-day avg of 211,000 shares
    ** Both analysts covering the stock have a "buy" rating;
median PT is 1,185 rupees - Refinitiv data
($1 = 82.7430 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))