This Pharma Stock Made Rekha Jhunjhunwala ₹11 Cr Richer Today

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.

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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.

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Posted In: EquitiesMarketsRekha JhunjhunwalaSun Pharma Advanced Research Company