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Cadila Healthcare Plunges 5%; BSE HEALTHCARE Index Up 0.3%
Tue, 13 Aug 13:1

Cadila Healthcare Plunges 5%; BSE HEALTHCARE Index Up 0.3%Image source: ThinkNeo/www.istockphoto.com

Cadila Healthcare share price has plunged 5% and is presently trading at Rs 1,185.5.

Meanwhile, the BSE HEALTHCARE index is at 41,176.7 (up 0.3%).

Among the top losers in the BSE HEALTHCARE index today are ALEMBIC PHARMA (down 2.6%) and GLAND PHARMA (down 2.6%).

FORTIS HEALTHCARE (up 4.7%) and Aurobindo Pharma (up 4.2%) are among the top gainers today.

Over the last one year, Cadila Healthcare has moved up from Rs 661.2 to Rs 1,185.5, registering a gain of Rs 524.3 (up 79.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,485.8 to 41,176.7, registering a gain of 44.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 110.7%), GRANULES INDIA (up 110.2%) and SUVEN PHARMACEUTICALS (up 105.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,314.2 (down 0.4%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.7%) and Tata Motors (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,234.3 (down 0.5%). HDFC Bank and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,314.2, registering a gain of 13,318.4 points (up 20.2%).

Cadila Healthcare Financial Update...

Cadila Healthcare net profit grew 31.5% YoY to Rs 14,636 million for the quarter ended June 2024, compared to a profit of Rs 11,131 million a year ago. Net sales rose 20.8% to Rs 62,075 million during the period as against Rs 51,396 million in April-June 2023.

For the year ended March 2024, Cadila Healthcare reported 91.4% increase in net profit to Rs 38,314 million compared to net profit of Rs 20,019 million during FY23. Revenue of the company grew 13.4% to Rs 195,474 million during FY24.

The current Price to earnings ratio of Cadila Healthcare, based on rolling 12 month earnings, stands at 28.5.


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