India's Sun Pharma Advanced Research hits upper circuit after block deals

Sun Pharma Advanced Research

05/01/2024 07:32

** Shares of bio-pharma co Sun Pharma Advanced Research
 SPRC.NS  rise as much as 10% to hit upper circuit at 423.35
rupees
    ** Stock hits highest level since June 15, 2018
    ** Over 500,000 shares traded in two separate block deals
priced between 422.80 and 423.35 rupees apiece - LSEG
    ** More than 5.6 mln shares change hands by 12:34 p.m. IST,
1.7x of 30-day avg
    ** Stock has been active this week with more than 5 mln
shares trading daily in four out of five sessions compared with
10 sessions in whole of 2023
    ** Stock has risen 47.6% so far this week, best weekly gains
since January 2015
    ** In 2023, stock rose 37.5%, best yearly performance since
2021




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))