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AMI ORGANICS Gains 6%; BSE HEALTHCARE Index Down 0.3%
Wed, 23 Oct 14:34

AMI ORGANICS Gains 6%; BSE HEALTHCARE Index Down 0.3%Image source: ipopba/www.istockphoto.com

AMI ORGANICS share price has zoomed 6% and is presently trading at Rs 1,557.0.

Meanwhile, the BSE HEALTHCARE index is at 42,937.0 (down 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are GRANULES INDIA (up 2.0%) and Cadila Healthcare (up 1.9%).

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

Over the last one year, AMI ORGANICS has moved up from Rs 1,120.0 to Rs 1,557.0, registering a gain of Rs 437.0 (up 39.0%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,503.7 to 42,937.0, registering a gain of 56.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 218.2%), Glenmark Pharma (up 124.2%) 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 80,195.5 .

The top losers among the BSE Sensex today are M&M (down 2.7%) 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 80,195.5, registering a gain of 15,623.6 points (up 24.2%).

AMI ORGANICS Financial Update...

AMI ORGANICS net profit fell 33.9% YoY to Rs 147 million for the quarter ended June 2024, compared to a profit of Rs 222 million a year ago. Net sales rose 14.9% to Rs 1,767 million during the period as against Rs 1,537 million in April-June 2023.

For the year ended March 2024, AMI ORGANICS reported 41.5% decrease in net profit to Rs 487 million compared to net profit of Rs 833 million during FY23. Revenue of the company grew 16.3% to Rs 7,175 million during FY24.

The current Price to earnings ratio of AMI ORGANICS, based on rolling 12 month earnings, stands at 154.9.


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