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CORAL LAB. Gains 5%; BSE HEALTHCARE Index Up 0.3%
Tue, 5 Nov 9:32

CORAL LAB. Gains 5%; BSE HEALTHCARE Index Up 0.3%Image source: Eoneren/www.istockphoto.com

CORAL LAB. share price has zoomed 5% and is presently trading at Rs 866.0.

Meanwhile, the BSE HEALTHCARE index is at 43,973.8 (up 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are Procter & Gamble Health (up 6.6%) and GLAND PHARMA (up 3.4%).

FORTIS HEALTHCARE (down 2.4%) and MAX HEALTHCARE INSTITUTE (down 1.9%) are among the top losers today.

Over the last one year, CORAL LAB. has moved up from Rs 280.9 to Rs 866.0, registering a gain of Rs 585.1 (up 208.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,350.0 to 43,973.8, registering a gain of 60.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 229.2%), SUVEN PHARMACEUTICALS (up 130.2%) and Glenmark Pharma (up 129.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,791.1 .

The top gainers among the BSE Sensex today are JSW Steel (up 1.9%) and Tata Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,983.7 (down 0.1%). Coal India and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,791.1, registering a gain of 15,199.8 points (up 23.9%).

CORAL LAB. Financial Update...

CORAL LAB. net profit grew 378.0% YoY to Rs 88 million for the quarter ended June 2024, compared to a profit of Rs 18 million a year ago. Net sales rose 133.7% to Rs 317 million during the period as against Rs 135 million in April-June 2023.

For the year ended March 2024, CORAL LAB. reported 145.0% increase in net profit to Rs 158 million compared to net profit of Rs 64 million during FY23. Revenue of the company grew 7.1% to Rs 837 million during FY24.

The current Price to earnings ratio of CORAL LAB., based on rolling 12 month earnings, stands at 13.6.


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