November 10, 2014 / 4:32 AM / 5 years ago

Sun Pharma hits all-time high after unit Taro's results

An employee speaks on phone as he walks out of research and development centre of Sun Pharmaceutical Industries Ltd in Mumbai April 7, 2014. REUTERS/Danish Siddiqui/Files

Reuters Market Eye - Sun Pharmaceutical Industries’ (SUN.NS) shares gain as much as 2.9 pct, hitting their all-time high of 920.45 rupees.

Unit Taro Pharmaceutical Industries’ quarterly profit grew by 49 pct to a record level of $143 million.

Sun Pharma’s July-Sept earnings, due on Thursday, will beat estimates on account of Taro’s performance - traders.

Reporting by Abhishek Vishnoi

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