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BAL PHARMA Gains 8%; BSE HEALTHCARE Index Up 0.6%
Wed, 28 Aug 13:35

BAL PHARMA Gains 8%; BSE HEALTHCARE Index Up 0.6%Image source: phive2015/www.istockphoto.com

BAL PHARMA share price has zoomed 8% and is presently trading at Rs 153.8.

Meanwhile, the BSE HEALTHCARE index is at 42,622.3 (up 0.6%).

Among the top gainers in the BSE HEALTHCARE index today are Divis Laboratories (up 2.8%) and GRANULES INDIA (up 2.7%).

CAPLIN POINT (down 2.2%) and GSK Pharma (down 1.9%) are among the top losers today.

Over the last one year, BAL PHARMA has moved up from Rs 96.3 to Rs 153.8, registering a gain of Rs 57.5 (up 59.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,859.6 to 42,622.3, registering a gain of 53.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 131.5%), Glenmark Pharma (up 121.2%) and SUVEN PHARMACEUTICALS (up 106.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,969.4 (up 0.3%).

The top gainers among the BSE Sensex today are Indusind Bank (up 2.6%) and Bharti Airtel (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,106.5 (up 0.4%). LTIMINDTREE and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,969.4, registering a gain of 16,972.8 points (up 26.1%).

BAL PHARMA Financial Update...

BAL PHARMA net profit grew 172.6% YoY to Rs 3 million for the quarter ended June 2024, compared to a profit of Rs 1 million a year ago. Net sales rose 5.6% to Rs 744 million during the period as against Rs 704 million in April-June 2023.

For the year ended March 2023, BAL PHARMA reported 54.1% decrease in net profit to Rs 26 million compared to net profit of Rs 57 million during FY22. Revenue of the company grew 8.2% to Rs 3,042 million during FY23.

The current Price to earnings ratio of BAL PHARMA, based on rolling 12 month earnings, stands at 31.9.

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