Sun Pharma share price rises as Q2 results surpass street estimates; here's why brokerages are bullish on the stock
₹1,130.80 apiece on BSE. According to technical analysts, pharma stocks are in buzz and Sun Pharma share price is also showing strength in today session.
Prices have smartly recovered after Tuesday sell off and on weekly chart formation hammer is visible. ₹1,100 seems immediate support whereas ₹1,180 can be expected in near term.
At 12:00 IST, Sun Pharma share price was trading at ₹1,126.75 per share, up 0.95%. Sun Pharma posted a 5% year-on-year (YoY) rise in its consolidated net profit to ₹2,375.5 crore for the July-September quarter versus ₹2,262.22 crore in the same period last year.
Meanwhile, its revenue rose over 11% YoY to ₹12,192 crore in the quarter under review as against ₹10,952.3 crore in the year-ago period. "Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.com
