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Sun Pharma Q4 Results: Net Profit Slumps 52% On Lower Other Income, Taro Operating Loss

Sun Pharmaceutical Industries Ltd.’s quarterly profit fell by more than half as sales and other income declined, and its U.S. arm reported an operating loss. Consolidated net profit of the nation’s largest drugmaker fell 52% sequentially to Rs 894.15 crore in the quarter ended March, according to an exchange filing.

Indian shares flat as financials counter gains in IT stocks

Indian shares end higher as financials and IT stocks gain

Indian shares closed higher on Thursday, helped by gains in financials and information technology stocks, while a steady decline in daily COVID-19 cases also helped investor sentiment.

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