Sun Pharma Advanced Research hits 20% lower band; what's rattling Street?

Sun Pharma Advanced Research Company (SPARC) shares slumped 20 per cent in trade on Wednesday, June 4, 2025, hitting its lower circuit at ₹156.5 per share on BSE. The stock was under pressure after the company's partner Sun Pharmaceutical Industries informed that its phase 2 trial for evaluating SOLARES PsO and SOLARES AD studies failed to meet the primary endpoint.
In the past one year, Sun Pharma Advanced Research Company shares have declined 3 per cent as compared to Sensex's rise of around 12 per cent.
At 9:36 AM, Sun Pharma Advanced Research share price was down 15.16 per cent at ₹165.95 per share on the BSE. In comparison, the BSE Sensex was up 0.04 per cent at 80,766.66. The market capitalisation of the company stood at ₹5,385.44 crore. The 52-week high of the stock was at ₹257.7 per share and the 52-week low of the stock was at ₹109.2 per share.
Why did Sun Pharma Advanced Research stock tanked?
The company released a filing on Tuesday, after market hours, in which it said that the phase 2 clinical trials evaluating Vibozilimod (SCD-044) for the treatment of moderate-to-severe Psoriasis (SOLARES PsO) and Atopic Dermatitis (SOLARES AD) failed to meet primary endpoint of 75 per cent improvement in Psoriasis Area and Severity Index (PASI).
"SPARC informs that its partner Sun Pharmaceutical Industries Limited (SPIL) announced the top-line results from the Phase 2 clinical trials evaluating Vibozilimod (SCD-044) for the treatment of moderate-to-severe Psoriasis (SOLARES PsO) and Atopic Dermatitis (SOLARES AD). SPIL informed that both SOLARES PsO and SOLARES AD studies did not meet the primary endpoint of 75 per cent improvement in PASI (Psoriasis Area and Severity Index) score (> PASI75) at Week 16 and 75 per cent improvement in EASI (Eczema Area and Severity Index) score (>EASI75) at Week 16 respectively," the filing read.
It added: SPARC and SPIL will evaluate the appropriate next steps for SCD-044.
Psoriasis is a chronic autoimmune condition characterised by skin inflammation and accelerated skin cell growth, resulting in raised, scaly patches called plaques, most commonly on the elbows, knees, scalp, and trunk.
Atopic dermatitis, also known as eczema, is a chronic inflammatory skin condition characterised by dry, itchy, and inflamed skin. It's a long-term condition that can cause patchy rashes and can occur at any age, though it often begins in childhood.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Mint

19 minutes ago

• Mint

Dividend Stocks: Hindustan Unilever, Cipla, Vedanta, among others to trade ex-dividend next week; Full list

Dividend Stocks: Shares of major firms, including Hindustan Unilever, Polycab India, Vedanta, HDFC Bank, Kansai Nerolac Paints, Bajaj Finserv, CARE Ratings, Cipla and Aegis Logistics, are among others that will trade ex-dividend in the week starting Monday, 23 June 2025. The ex-dividend date is when the equity share price adjusts to reflect the next dividend payout. This day, the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. The dividend issue will be payable to all the shareholders whose names appear on the company's list by the end of the record date. According to BSE data, many companies also announced other corporate actions, including a bonus issue. Dalmia Bharat Ltd will declare a final dividend of ₹ 5 per share on Monday, 23 June 2025. Dynamic Cables Ltd will declare a final dividend of ₹ 0.5 per share on Monday, 23 June 2025. G N A Axles Ltd will declare a dividend of ₹ 3 per share on Monday, 23 June 2025. Hindustan Unilever Ltd will declare a final dividend of ₹ 24 per share on Monday, 23 June 2025. Kansai Nerolac Paints Ltd will declare a final dividend of ₹ 2.5 per share on Monday, 23 June 2025. Kansai Nerolac Paints Ltd will declare a special dividend of ₹ 1.25 per share on Monday, 23 June 2025. Kalpataru Projects International Ltd will declare a final dividend of ₹ 9 per share on Monday, 23 June 2025. Samvardhana Motherson International Ltd will declare a final dividend of ₹ 0.35 per share on Monday, 23 June 2025. Motherson Sumi Wiring India Ltd will declare a final dividend of ₹ 0.35 per share on Monday, 23 June 2025. Pilani Investment and Industries Corporation Ltd will declare a final dividend of ₹ 15 per share on Monday, 23 June 2025. Alkyl Amines Chemicals Ltd will declare a final dividend of ₹ 10 per share on Tuesday, 24 June 2025. Polycab India Ltd will declare a final dividend of ₹ 35 per share on Tuesday, 24 June 2025. Vedanta Ltd will declare an interim dividend of ₹ 7 per share on Tuesday, 24 June 2025. Automobile Corporation of Goa Ltd will declare a final dividend of ₹ 20 per share on Wednesday, 25 June 2025. Aegis Logistics Ltd will declare an interim dividend of ₹ 2 per share on Wednesday, 25 June 2025. Quest Capital Markets Ltd will declare a final dividend of ₹ 2.5 per share on Wednesday, 25 June 2025. Enbee Trade & Finance Ltd will declare an interim dividend of ₹ 0.01 per share on Thursday, 26 June 2025. Prime Securities Ltd will declare an interim dividend of ₹ 1.5 per share on Thursday, 26 June 2025. Allied Blenders and Distillers Ltd will declare a final dividend of ₹ 3.6 per share on Friday, 27 June 2025. Alufluoride Ltd will declare a final dividend of ₹ 3 per share on Friday, 27 June 2025. Bajaj Finserv Ltd will declare a final dividend of ₹ 1 per share on Friday, 27 June 2025. Bajaj Holdings & Investment Ltd will declare a final dividend of ₹ 28 per share on Friday, 27 June 2025. Bharat Bhushan Finance & Commodity Brokers Ltd will declare a final dividend of ₹ 0.6 per share on Friday, 27 June 2025. CARE Ratings Ltd will declare a final dividend of ₹ 11 per share on Friday, 27 June 2025. Cipla Ltd will declare a special dividend of ₹ 3 per share on Friday, 27 June 2025. Cipla Ltd will declare a final dividend of ₹ 13 per share on Friday, 27 June 2025. HDFC Bank Ltd will declare a dividend of ₹ 22 per share on Friday, 27 June 2025. Jayant Agro Organics Ltd will declare a dividend of ₹ 2.5 per share on Friday, 27 June 2025. Maharashtra Scooters Ltd will declare a special dividend of ₹ 30 per share on Friday, 27 June 2025. Maharashtra Scooters Ltd will declare a final dividend of ₹ 30 per share on Friday, 27 June 2025. Rainbow Children's Medicare Ltd will declare a final dividend of ₹ 3 per share on Friday, 27 June 2025. RPG Life Sciences Ltd will declare a special dividend of ₹ 4 per share on Friday, 27 June 2025. RPG Life Sciences Ltd will declare a final dividend of ₹ 20 per share on Friday, 27 June 2025. Sky Industries Ltd will declare a final dividend of ₹ 1 per share on Friday, 27 June 2025. Swaraj Engines Ltd will declare a final dividend of ₹ 104.5 per share on Friday, 27 June 2025. Syngene International Ltd will declare a final dividend of ₹ 1.25 per share on Friday, 27 June 2025. Vaibhav Global Ltd will declare a final dividend of ₹ 1.5 per share on Friday, 27 June 2025. Visaka Industries Ltd will declare a final dividend of ₹ 0.5 per share on Friday, 27 June 2025. Welspun Living Ltd will declare a final dividend of ₹ 1.7 per share on Friday, 27 June 2025. V-Mart Retail Ltd declared a bonus issue of shares at a ratio of 3:1. Shares will trade ex-bonus on Monday, 23 June 2025. Investment & Precision Castings Ltd declared a bonus issue of shares at a ratio of 1:1. Shares will trade ex-bonus on Friday, 27 June 2025. A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held. Laddu Gopal Online Services Ltd will undergo a stock split from ₹ 10 to ₹ 2. Shares will trade ex-split on Tuesday, 24 June 2025. Elitecon International Ltd will undergo a stock split from ₹ 10 to ₹ 1. Shares will trade ex-split on Wednesday, 25 June 2025. Padam Cotton Yarns Ltd will undergo a stock split from ₹ 10 to ₹ 1. Shares will trade ex-split on Friday, 27 June 2025. A stock split is a corporate action that occurs when a company issues additional shares to shareholders to boost liquidity. The total number of shares issued is increased by a specified ratio based on previously held shares. However, if the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company's value. Most common split ratios are 2-for-1 or 3-for-1 (marked as 2:1 or 3:1). For every share held before the split, each stockholder will have two or three shares, respectively, after the split. Infibeam Avenues Ltd: Right Issue of Equity Shares on Thursday, 26 June 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Mint

6 hours ago

• Mint

Zee Media share price in focus after promoter group buys 1.11 crore shares. Do you own?

Zee Media share price will remain in focus on Monday after promoter group acquired significant stake in the company. On Friday, the media company stock fell over 1.85 per cent in the early trading hours to ₹ 13.25, however, recovered quickly surging to ₹ 13.47 per share. The stock finally closed at ₹ 13.42. According to reports, AUV Innovations LLP, part of the promoter group, has made a notable acquisition in Zee Media Corporation Limited by acquiring 1,11,00,000 shares at an average price of ₹ 13.6 through open market transactions. The transaction was total valued at ₹ 1,504 lakhs. This comes after earlier purchases in May 2025, when AUV Innovations LLP acquired 2,40,000 shares on May 16, followed by another 29,60,000 shares on May 19. In total, the promoter has accumulated 1.43 crore shares through these open market transactions. Zee Media Corporation Limited declared its financial results for the January–March quarter on May 5, 2025. As per the consolidated financial statements, the company's net loss for the fourth quarter of FY 2024–25 surged by 464% year-on-year (YoY) to ₹ 36.76 crore, compared to ₹ 6.51 crore reported during the same period last year. The media company reported a 13% decline in its core operational revenue, which fell to ₹ 155.80 crore in the January–March quarter of FY 2024–25, down from ₹ 178.98 crore in the corresponding quarter last year. Meanwhile, Zee Media's total expenses for the fourth quarter rose by 6.39% year-on-year to ₹ 200.21 crore, compared to ₹ 188.17 crore in the same period of the previous fiscal. 'The Group has incurred a loss of Rs. 11,942 lakhs during the year ended 31 March, 2025 and the Working Capital stands negative as at that date. To address he same, the Group has been taking various steps including cost rationalization measures and has obtained credit period extension to discharge some of its contractual obligations,' said Zee Media Corp in the BSE filing. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Time of India

6 hours ago

• Time of India

Waaree Energies shares may break April 2025 peak after Friday's 12% jump: Anand James

After a blistering 12% rally on Friday, Waaree Energies is back in the spotlight. With the stock inching closer to its April 2025 peak, Anand James of Geojit believes this breakout attempt may finally stick, setting the stage for fresh highs. Edited excerpts from a chat with Anand James, Chief Market Strategist, Geojit Investments Limited on trading strategy for the week ahead: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Bayugan (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo Nifty has been struggling to move sustainably higher than the 25,000-mark for the last few weeks, as visible this time again. On the fundamental side, triggers are missing, but why is 25k such an important level to watch out for on the charts? Yes, 25k is indeed a daunting challenge. Previous attempts to clear the same had proved to be short-lived as there was hardly any follow-through momentum, thus leading to a sharp withdrawal. Hence, the reapproach of the 25k mount is accompanied by concerns about sustainability. Being at the upper Bollinger band as well, it would require further momentum to continue the uptrend. ADX at 13.2 does not indicate strong momentum either. Nevertheless, upswing attempts may be seen initially, but may not clear the 25200-460 band. Alternatively, inability to float above 25045 could see dips, but will wait for 24865 to switch sides. Give us your trading strategy for Nifty monthly expiry next week. What are the levels to watch out for? We would be entering the expiry week with a surprise jump above 25000, that has attracted call OTM buyers only as far as 25500. The same pattern is visible in the 3rd July expiry contract as well with PE buying accumulated at 24800. This raises the expectation of a trading range limited to the 25500-24800 region, calling for a short strangle option strategy with these at the strikes for the two legs. An alternative approach would be to short straddle at 25000, with stop loss placed at 25500 and 24800 on either side. Live Events With BSE and NSE swapping their expiry days with effect from September, how would your trading strategy change when it comes to index options? Monday is now sandwiched between the weekend and expiry, elevating the caution that is usually commanded by day. Even though Monday has to deal with weekend news flows, there is always an optimism, being the start of the week. But with expiry falling on Tuesday, such vibes will be restrained. This would mean that premium expansion and directional entry-exits will be largely front loaded, as there will be little opportunity to escape from theta decay post Thursday, with Friday being the weekend eve and Monday being the expiry eve. For derivative traders, Thursday has been associated with Nifty expiry day for many years. Now with Sensex coming in on Thursday, how do you see trader interest evolving in Sensex contracts? Since late 2023, Sensex F&O has seen a steady increase in trading volume. Between March and December 2024, it consistently accounted for about 70% of the total trading volume across both the NSE and BSE. This momentum accelerated further in January 2025, when the Sensex saw a 12% month-on-month volume spike, coinciding with its shift in weekly expiry from Friday to Tuesday. Now, a new phase of expiry restructuring is set to reshape this dynamic. From September 2025, the Nifty will move its expiry to Tuesday, while the Sensex will shift to Thursday. This change could significantly alter the volume patterns across the two exchanges. Nifty may reclaim lost ground with Tuesday expiries, attracting traders looking to capitalize on early-week strategies and weekend time decay. This could lead to increased activity on Mondays and Tuesdays. Meanwhile, with Thursday as the new expiry, Sensex will see shorter positioning windows earlier in the week, which may temper the intense volume surges, especially on the expiry day. That said, the new trading dynamics will take a while to play out, and it is also possible that Sensex will get more opportunities to price the events of the week, having more trading days ahead of expiry. Time will tell. The broader market underperformed this week. Are the charts hinting at a revival in small and midcaps? The weakness in the small and mid-caps was visible throughout the week. On Thursday, when Nifty closed almost flat, the small cap 250 index fell nearly 2%. And on Friday, when Nifty rose 1.29%, small cap 250 index rose only 0.6%. Friday's optimistic rise has not managed to retrace even 50% of Thursday's fall, raising fears of an extended fall to 16650-16500. Alternatively, a rise above 16900 will help shrug off the weakness, but we feel that upsides may be limited. Waaree Energies surprised investors on Friday with a sharp 12% jump. How to trade the stock on Monday? An outright jump from one end to the other end of the Bollinger will render the stock unattractive to jump into right away. But we feel that the April 2025 peak, which the stock has attempted several times unsuccessfully, will be broken in this attempt. Longs entered on dips to 2895 may have stop loss placed below 2822. Give us your top ideas for the week ahead VIPIND (CMP: 409) Target – 450 Stoploss – 399 The stock recently confirmed a breakout from an inverted Head & Shoulders pattern and continues to maintain its upward momentum. On the monthly chart, the SMIO histogram has crossed above the zero line, suggesting a shift in long-term sentiment. Additionally, the RSI is holding near 60, indicating sustained strength without being overbought. On the daily timeframe, the appearance of an inverted hammer—a classic bullish reversal signal following a dip—adds further conviction to the upside potential. Based on this technical setup, the stock is expected to move toward the 450 mark in the near term. To manage risk, a stop-loss should be placed just below ₹399.