Sun Pharmaceutical Industries surged today ahead of the commencement of its mega share buyback programme. The scrip of the local pharma company closed higher at Rs 623.30, up by 3.34 per cent over its previous close.
The scrip was up in late afternoon trades, rising by 3.5 per cent to Rs 624.25 on the BSE. Earlier, the stock hit a high of Rs 633.50. A total of 6398 shares changed hands on the BSE today.
The share has witnessed a steady rise in the last few sessions, after being rangebound over the past few months. From a low of Rs 533.50 seen on November 13, 2002, the share has gained 17 per cent in the last two months to the current Rs 624.25.
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Pidilite Industries, well known for its Fevicol brand of adhesive, moved upwards today. It rose 5.57 per cent to close at Rs 242.80. In afternoon trades, it was up 6.3 per cent at Rs 244.50 on the BSE.
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Early last month, a local brokerage gave a