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ALEMBIC Gains 8%; BSE HEALTHCARE Index Down 0.3%
Mon, 8 Jul 12:11

ALEMBIC Gains 8%; BSE HEALTHCARE Index Down 0.3%Image source: hudiemm/www.istockphoto.com

ALEMBIC share price has zoomed 8% and is presently trading at Rs 129.0.

Meanwhile, the BSE HEALTHCARE index is at 38,114.1 (down 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are MAX HEALTHCARE INSTITUTE (up 2.0%) and GLAND PHARMA (up 1.9%).

Divis Laboratories (down 3.1%) and CAPLIN POINT (down 2.7%) are among the top losers today.

Over the last one year, ALEMBIC has moved up from Rs 71.7 to Rs 129.0, registering a gain of Rs 57.3 (up 79.9%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,703.5 to 38,114.1, registering a gain of 48.3% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 107.6%), Cadila Healthcare (up 104.1%) and Lupin (up 99.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,897.2 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 4.0%) and MUNDRA PORT & SEZ (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,272.7 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,897.2, registering a gain of 14,418.2 points (up 22.0%).

ALEMBIC Financial Update...

ALEMBIC net profit grew 353.0% YoY to Rs 213 million for the quarter ended March 2024, compared to a profit of Rs 47 million a year ago. Net sales rose 32.1% to Rs 490 million during the period as against Rs 371 million in January-March 2023.

For the year ended March 2023, ALEMBIC reported 6.5% decrease in net profit to Rs 806 million compared to net profit of Rs 862 million during FY22. Revenue of the company grew 62.7% to Rs 1,272 million during FY23.

The current Price to earnings ratio of ALEMBIC, based on rolling 12 month earnings, stands at 35.7.

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