Sanofi India rallies after HC ruling on Shantha-tax case

Sanofi India, the leading pharmaceutical companies of the world, surged on Friday after the Andhra Pradesh high court ruled that French drug multinational Sanofi Aventis will not have to pay taxes in India for a deal with Hyderabad-based vaccine firm Shantha Biotechnics. Shares ofthe companysettled at Rs 2,306, up Rs 85.1, or 3.83% at the Bombay Stock Exchange (BSE) on Friday. In the earlier session, the shares lost 1.81%, or Rs 40.9, at Rs 2,220.90. The scrip has touched an intra-day high of Rs 2,400 and low of Rs 2,180. The total volume of shares traded at the BSE is 2,896.Currently, the stock is trading down 5.88% from its 52-week high of Rs 2,450 and above 15.18% over the 52-week low of Rs 2,002.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 2,291.60 (70.70) (3.09) 1 Month 2,324.70 (103.80) (4.47) 3 Months 2,140.00 80.90 3.78 6 Months 2,183.60 37.30 1.71 1 Year 2,234.30 (13.40) (0.60) Note: Based on previous day closing price.