Shasun Pharma slips on profit-booking
Even after a robust opening and touching a 52-week high, the scrip failed to hold the gains and lost 5 per cent to Rs 124.65 on the BSE from yesterday's closing level.
The stock opened at a premium of about 3 per cent and soon touched a one-year high of Rs 136.80. Similarly, on the NSE, the scrip fell 5 per cent to Rs 124.65. The scrip had rallied in the last five trading sessions.
Shasun Pharmaceuticals had yesterday reported a 53.57 per cent rise in consolidated net profit at Rs 58.99 crore for the fourth quarter ended March 31, 2012. The company had posted a net profit of Rs 38.41 crore during the same period of previous fiscal, 2010 -- 11.
Meanwhile, the Sensex was trading 81.71 points lower at 16,140.59.
The water level of the Yamuna river has crossed the danger mark in Delhi, increasing the threat of flood. Locals are gearing to face the crisis as the rains are at least twice as heavy as usual in northwest and central parts of India.
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