Sun Pharma Advanced Research (SPARC) shares jumped over 11.30% in Monday's trading session, defying weak sentiment in the Indian stock market. The pharma stock opened in green at ₹198.50 apiece on the NSE today, as compared to the previous close of ₹197.03 on Sunday's Muhurat Trading and touched an intraday high of ₹219.49 on 9 November.
Meanwhile, Indian equity benchmark indices, Sensex and Nifty, opened lower on Monday, weighed down by selling pressure in heavyweight IT stocks and profit-booking following the recent sharp rally in the stock market. The 30-share BSE Sensex fell 93.95 points to 80,919.19 in early trading, while the NSE Nifty 50 declined 30 points to 24,968.80.
The stock rally came in after Sun Pharma Advanced Research shares witnessed a spurt in trading volume. According to data available on NSE, around 251.75 lakh shares have changed hands so far on Monday.
SPARC reported a consolidated net loss of ₹24.39 crore for the second quarter of FY27, narrowing from a net loss of ₹75.85 crore in the corresponding quarter of the previous financial year. The pharmaceutical company's financial performance showed an improvement in profitability, although it continued to remain in the red.
The company's consolidated revenue from operations surged 282.1% year-on-year to ₹30.03 crore in Q2 FY27, compared with ₹7.86 crore in Q2 FY26. The sharp increase in revenue indicates improved business performance during the quarter.