Stocks of Sun Pharma today fell by over 2 per cent even as the company's consolidated net profit rose by 15 per cent for the second quarter ended September 30.
Despite a positive opening, shares of Sun Pharma settled 2.43 per cent lower at Rs 886.50 on the BSE. During the day, it lost 3 per cent to Rs 880.85.
At the NSE, it fell by 2.29 per cent to close at Rs 887.50.
Market participants said profit-booking pulled down the stock after initial spike.
Sun Pharma had yesterday said its consolidated net profit rose by 15 per cent to Rs 1,572 crore for the second quarter ended September 30.
The drug major had posted a net profit of Rs 1,362 crore during the same period of previous fiscal.
Net sales of the company rose to Rs 4,751 crore for the second quarter, up 13 per cent, from the same period of previous fiscal, Sun Pharmaceutical Industries had said in a filing to the BSE.
