Shares of Sun Pharma Advanced Research Company surged over 9% on Monday to hit an intraday high of ₹211.25. Rekha Jhunjhunwala owns a 1.94% stake in the company.
Shares of the pharma company jumped back in the green today to break its two-session losing streak. After a rough start to the year, the stock has recovered quite a bit in the past few months. SPARC’s share price has gone up over 14% in the past month.
So with the surge today, here’s how this pharma stock added ₹11 crore to Jhunjhunwala’s net worth today. She owns 1.94% or 6,292,134 shares of the company. When the stock closed at ₹193.35 on Friday, the value of her holding was ₹120.49 crore. With the surge today, the value of her stake went up to ₹131.6 crore. An increase of over ₹11.6 crore.
Price Action: Shares of the company were up 8.30% to trade at ₹209.40 in the early hours of trading on Monday.
Get all the latest Share Market trends and news to set you up for the week ahead.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.