Sun Pharma shares fall 1% after fire kills two in Ahmednagar facility1 min read . Updated: 29 Dec 2016, 07:51 PM IST
Sun Pharma shares opened at Rs621 on BSE and touched a low of Rs611.95 in intra-day trade. The stock settled 1.25% down at Rs613.85
New Delhi: Shares of Sun Pharmaceuticals Industries fell over 1% on the bourses after the company announced that two persons were killed and two others injured in a fire incident at its Ahmednagar facility. On BSE, the stock settled 1.25% down at Rs613.85.
It opened at Rs621 and touched a low of Rs611.95 in intra-day trade. Following a decline in the counter, the market capitalisation of the company decreased by Rs2,328.3 crore to Rs1,47,275.53 crore.
The scrip ended the day on NSE at Rs615.10, down 1.01% from previous close. It touched an intra-day low of Rs611.85, after opening at Rs621.50.
On the volume front, more than 55.91 lakh shares of the company changed hands on the bourses.
“On 28 December, a fire broke out at the company’s Ahmednagar factory during excavation work, causing burn injuries to four workmen at the excavation site," Sun Pharma said in a BSE filing on Thursday .
“Two of the injured workmen succumbed to burn injuries and other two are being treated at the hospital," it added. “There is no loss of production at Ahmednagar factory on account of this incident," the company said.