Sun Pharma drops nearly 3%

Sun Pharmaceutical Industries Ltd dropped as much as 3 per cent to Rs 442 on the BSE. The stock touched a high of Rs 464.70 and a low of Rs 442 against the previous close of Rs 455.30. The shares sank over 10 per cent on Monday after a report of a regulatory probe against the company.

More than 9.3 million shares traded as of 0443 GMT, 1.1 times their 30-day moving average of 8.8 million shares. Of 37 brokerages covering the stock, 13 rate it “buy” or higher, 13 “hold” and 11 “sell” or lower; their median price target is Rs 577.50.

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