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Shares in Indian pharma major Sun Pharmaceutical Industries rose more 3.3 percent on Wednesday after the company reported better than expected net profits. Robust sales guidance for FY 2014 also boosted sentiments for the stock.
Sun Pharma shares were last traded at Rs 1023 on the Bombay Stock Exchange.The Mumbai-based company reported that net profit rose 23 percent to Rs 1012 crores rupees for the January-March quarter. The company has also announced a one-for-one issue of bonus shares.
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