Sun Pharma gets "Taro"ed!

about 1 year ago
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Sun Pharma rose 3.5% in the opening bell session to Rs.429.75; it has come off this current intra day high point and is now at Rs.423 levels, up around 1.5%.

The stock price is reacting to the performance of its subsidiary, Taro Pharma. Fpr Q3FY19, the company posted a 13% (YoY) rise in net sales at $176 million and net profit showed a fantastic 422% jump at $93.5 million.

EBITDA was up 29% at $78.9 million and margins rose from 39.7% to 44.7%.

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