{"id":111335,"date":"2023-10-06T15:09:27","date_gmt":"2023-10-06T09:39:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111335"},"modified":"2023-10-06T15:09:32","modified_gmt":"2023-10-06T09:39:32","slug":"large-cap-stock-in-green-after-company-to-acquire-37-76-stake-in-ezerx-health-tech-for-28-69-c","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-in-green-after-company-to-acquire-37-76-stake-in-ezerx-health-tech-for-28-69-c\/","title":{"rendered":"Large cap stock in green after company to acquire 37.76% stake in Ezerx Health Tech for \u20b9 28.69 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2474970281\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of the largest pharmaceutical company gained 1 percent after it announced acquisition of stake in a private Healtech firm.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3992796695\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:30 p.m the shares of Sun Pharmaceutical Industries were trading at Rs.1,130 up by 1 percent from its previous day close price and the market capitalization of the company is 2,70,668 Cr.&nbsp;<\/p><p>As per the company\u2019s filing, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUNPHARMA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sun Pharmaceutical Industries<\/a><\/strong> has entered into an agreement to acquire 37.76 percent minority stake in Ezerx Health Tech Private Limited for a consideration of 28.69 Cr, and it is also acquiring an additional stake of 4.04 percent in Agatsa Software Private Limited for a consideration of 4.5 Cr, thereby increasing its stake to 30.13 percent.\u00a0<\/p><p>In addition to this, Sun Pharmaceutical Industries has announced that U.S Food and Drug Administration(FDA) has accepted the New Drug Application for deuruxolitinib, an investigational oral selective inhibitor for the treatment of adults with moderate to severe alopecia areata.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-213701278\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased by 13.53 percent from 38,654.49 Cr in FY22 to 43,885.68 Cr in FY23, accompanied by increasing profits of 3,405.82 Cr to 8,560.84 Cr.&nbsp;<\/p><p>The company has reported a return on equity (ROE) of 16.46 percent and return on capital employed (ROCE) of 17.24 percent, this indicates that the company is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 54.48 percent stake, the Domestic Institutional Investors hold 19.75 percent and the Foreign Institutional Investors (FII) hold 16.48 percent.&nbsp;<\/p><p>Sun Pharmaceutical Industries Ltd is the largest pharmaceutical company in India and fourth largest in the world, it is engaged in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharma Ingredients..&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1524807744\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of the largest pharmaceutical company gained 1 percent after it announced acquisition of stake in a private Healtech firm.&nbsp; At 1:30 p.m the shares of Sun Pharmaceutical Industries were trading at Rs.1,130 up by 1 percent from its previous day close price and the market capitalization of the company is 2,70,668 Cr.&nbsp; As per [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,12904,12647,12646,12648],"class_list":["post-111335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-sun-pharmaceutical-acquisition","tag-sun-pharmaceutical-latest-news","tag-sun-pharmaceutical-share-price","tag-why-is-sun-pharmaceutical-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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