Sun Pharma Rallies on Buyout Buzz

Sun Pharmaceuticals (NSE:SUNPHARMA) moved higher on Monday on buzz that it may buyout Germany-based pharmaceutical firm Stada, Economic Times reported.

As quoted in the market news:

The company will be announcing its quarterly results tomorrow. According to an ET Now poll, it is expected to report a net profit of Rs 922 crore, up 12 per cent, as compared to a net profit of Rs 820 crore in the corresponding quarter last fiscal.

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