Sun Pharma shares dip on surprise audit by Food and Drug Administration at Halol plant

MUMBAI: Shares of Sun Pharmaceutical Industries today fell by over 4 per cent amid reports that its Halol manufacturing plant in Gujarat has been subjected to surprise inspection by the American drug regulator United States Food and Drug Administration (USFDA).

The pharma firm's scrip ended at Rs 822.80, down 4.29 per cent on the BSE. During the day, it fell by 6 per cent to Rs 808.

At the NSE, the stock lost 4.29 per cent to Rs 821. The stock was the biggest loser among the blue-chips on both Sensex and Nifty.

Sarabjit Kour Nangra, VP- Research (Pharma), Angel Broking said it is learnt that Sun Pharma's manufacturing facility in Halol (Gujarat) is undergoing a surprise inspection by the US Food and Drug Administration (US FDA). The move may have been triggered by a number of recent recalls from the plant, sources, familiar with the development."

In the broader market the BSE benchmark Sensex ended at 26,995.87, down 61.54 points.