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Divis Laboratories Gains 3%; BSE HEALTHCARE Index Up 0.7%
Thu, 13 Jun 16:8

Divis Laboratories share price has zoomed 3% and is presently trading at Rs 4,590.6.

Meanwhile, the BSE HEALTHCARE index is at 37,024.5 (up 0.7%).

Among the top gainers in the BSE HEALTHCARE index today are SUN PHARMA ADV. RES. (up 5.4%) and FORTIS HEALTHCARE (up 3.7%).

Sanofi India (down 35.1%) and CAPLIN POINT (down 4.4%) are among the top losers today.

Over the last one year, Divis Laboratories has moved up from Rs 3,437.4 to Rs 4,590.6, registering a gain of Rs 1,153.2 (up 33.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 24,190.1 to 37,024.5, registering a gain of 53.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Cadila Healthcare (up 114.3%), Jubilant Pharmova (up 106.1%) and Lupin (up 96.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 76,810.9 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Titan (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,399.4 (up 0.3%). Shriram Transport and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,810.9, registering a gain of 14,086.2 points (up 22.5%).

Divis Laboratories Financial Update...

Divis Laboratories net profit grew 67.6% YoY to Rs 5,380 million for the quarter ended March 2024, compared to a profit of Rs 3,210 million a year ago. Net sales rose 18.0% to Rs 23,030 million during the period as against Rs 19,510 million in January-March 2023.

For the year ended March 2023, Divis Laboratories reported 38.4% decrease in net profit to Rs 18,234 million compared to net profit of Rs 29,605 million during FY22. Revenue of the company fell 13.3% to Rs 77,675 million during FY23.

The current Price to earnings ratio of Divis Laboratories, based on rolling 12 month earnings, stands at 76.2.

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