TNS STOCKS:Sun Pharma spurts as unit Taro's Q1 profit surges over one-fold

  Sun Pharmaceuticals Ltd, India's biggest drugmaker, gained Friday after its Israel unit Taro posted strong earnings for the first quarter.

  Thursday, Taro said that its first quarter profit surged 125% to $103.6 million in the June quarter from $46 million in the same period a year ago.

  Revenues in the quarter surged 65% to $215 million compared to 130.2 million in the same period a year ago.

  However, sales volumes declined 10% as a result of increase in competitor activity in United States.

  Parent Sun Pharma will unveil its first quarter earnings on Aug 11.

  At 11PM, shares of Sun Pharma gained 0.77% to Rs 853 on the Mumbai stock exchange.

   

Uflex surges as Q1 group profit spurts 22% amid strong sales

 

 Uflex Ltd, a local packaging company, jumped Friday after the company said that fiscal first quarter group profit climbed 22% on strong sales.

  Group profit climbed to Rs 756 million in the Apr-Jun quarter from Rs 620 million in the same period a year ago.

  Group sales jumped Rs 15.69 billion in the first quarter from Rs 14.95 billion in the same period a year ago.

  Total expenses declined 3% to Rs 14.56 billion while finance costs dropped 4.2% to Rs 467.8 million in the same period a year ago.

  At 11:25AM, shares of Uflex jumped 3.2% to Rs 180.80 on the Mumbai stock exchange.     

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Jeera(Cumin Seed) in Rajkot Physical Market Started the Day Weak

At Rajkot market in Rajkot(Guj.), Jeera(Cumin Seed) Loose started weak at Rs. 11000-14375 per quintal, lower by 2.14 per cent from previous dayn#39;s price level. Arrivals were reported at 200 quintal, up by 70 quintal as against previous day. Jeera(Cumin Seed) in Rajkot(Guj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Jeera(Cumin Seed) Loose 11000-14375 -315 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintal.

Red Chilli in Physical Market Began Steady in Khargone

At Bedia market in Khargone, Red Chilli No. 12 began at Rs. 11500-11800 per quintal, unchanged as compared to previous close. Red Chilli Indu 2070 started the day at Rs. 11500-12000 per quintal, steady against previous close. Red Chilli MICO (Teja) at Bedia market started at Rs. 12000 per quintal, unchanged as compared to previous close. Red Chilli in Khargone Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bedia Red Chilli No. 12 11500-11800 0 Bedia Red Chilli Indu 2070 11500-12000 0 Bedia Red Chilli MICO (Teja) 12000 0 nnbsp;

Steady Sentiment Witnessed in New Delhi Red Chilli Physical Market

At New Delhi market , Red Chilli Teja(Khamam) started at Rs. 11000-12000 per quintal, unchanged as compared to previous close. Red Chilli Pala 12 at New Delhi market started the day at Rs. 9500-9800 per quintal, unchanged as compared to previous close. Red Chilli 334 at New Delhi market opened at Rs. 9500-9800 per quintal, steady as against previous close. Red Chilli Fatki at New Delhi market started at Rs. 8000-8200 per quintal, steady against previous close. Red Chilli Packing at New Delhi market opened at Rs. 9500-9800 per quintal, unchanged as compared to previous close. Red Chilli in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Red Chilli Teja(Khamam) 11000-12000 0 New Delhi Red Chilli Pala 12 9500-9800 0 New Delhi Red Chilli 334 9500-9800 0 New Delhi Red Chilli Fatki 8000-8200 0 New Delhi Red Chilli Packing 9500-9800 0 nnbsp;