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ALEMBIC Plunges 5%; BSE HEALTHCARE Index Down 0.7%
Thu, 18 Jul 12:0

ALEMBIC Plunges 5%; BSE HEALTHCARE Index Down 0.7%Image source: Chunumunu/www.istockphoto.com

ALEMBIC share price has plunged 5% and is presently trading at Rs 146.8.

Meanwhile, the BSE HEALTHCARE index is at 38,492.8 (down 0.7%).

Among the top losers in the BSE HEALTHCARE index today are Biocon (down 3.1%) and HIKAL CHEMIC (down 2.8%).

Pfizer (up 2.2%) and ERIS LIFESCIENCES (up 2.0%) are among the top gainers today.

Over the last one year, ALEMBIC has moved up from Rs 77.5 to Rs 146.8, registering a gain of Rs 69.3 (up 89.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 26,443.1 to 38,492.8, registering a gain of 45.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 101.8%), Lupin (up 95.8%) and Cadila Healthcare (up 94.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,547.2 (down 0.2%).

The top losers among the BSE Sensex today are Asian Paints (down 1.8%) and NTPC (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,553.2 (down 0.2%). Bajaj Auto and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,547.2, registering a gain of 13,957.2 points (up 21.0%).

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 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 40.6.

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