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ALEMBIC Gains 4%; BSE HEALTHCARE Index Down 0.4%
Wed, 23 Oct 14:35

ALEMBIC Gains 4%; BSE HEALTHCARE Index Down 0.4%Image source: Ivcandy/www.istockphoto.com

ALEMBIC share price has zoomed 4% and is presently trading at Rs 126.7.

Meanwhile, the BSE HEALTHCARE index is at 42,894.4 (down 0.4%).

Among the top gainers in the BSE HEALTHCARE index today are GRANULES INDIA (up 2.2%) and Cadila Healthcare (up 1.8%).

ALKEM LABORATORIES (down 2.8%) and FDC (down 2.8%) are among the top losers today.

Over the last one year, ALEMBIC has moved up from Rs 77.0 to Rs 126.7, registering a gain of Rs 49.7 (up 64.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,503.7 to 42,894.4, registering a gain of 56.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 218.7%), Glenmark Pharma (up 124.6%) and SUVEN PHARMACEUTICALS (up 121.2%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,169.0 (down 0.1%).

The top losers among the BSE Sensex today are M&M (down 2.5%) and NTPC (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,455.7 (down 0.1%). M&M and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,169.0, registering a gain of 15,597.1 points (up 24.2%).

ALEMBIC Financial Update...

ALEMBIC net profit grew 74.9% YoY to Rs 174 million for the quarter ended June 2024, compared to a profit of Rs 100 million a year ago. Net sales rose 37.8% to Rs 508 million during the period as against Rs 368 million in April-June 2023.

For the year ended March 2024, ALEMBIC reported 15.2% increase in net profit to Rs 929 million compared to net profit of Rs 806 million during FY23. Revenue of the company grew 23.8% to Rs 1,575 million during FY24.

The current Price to earnings ratio of ALEMBIC, based on rolling 12 month earnings, stands at 32.4.

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