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FDC Gains 6%; BSE HEALTHCARE Index Up 0.7%
Wed, 3 Jul 13:11

FDC Gains 6%; BSE HEALTHCARE Index Up 0.7%Image source: Ivcandy/www.istockphoto.com

FDC share price has zoomed 6% and is presently trading at Rs 500.9.

Meanwhile, the BSE HEALTHCARE index is at 37,432.2 (up 0.7%).

Among the top gainers in the BSE HEALTHCARE index today are IPCA Labs (up 3.4%) and SUN PHARMA ADV. RES. (up 3.0%).

AARTI DRUGS (down 1.7%) and CAPLIN POINT (down 1.5%) are among the top losers today.

Over the last one year, FDC has moved up from Rs 310.2 to Rs 500.9, registering a gain of Rs 190.8 (up 61.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,627.6 to 37,432.2, registering a gain of 46.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 92.9%), Cadila Healthcare (up 88.4%) and GSK Pharma (up 85.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,967.7 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.6%) and Axis Bank (up 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,267.1 (up 0.6%). Tata Consumer Products and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,967.7, registering a gain of 14,762.7 points (up 22.6%).

FDC Financial Update...

FDC net profit grew 50.9% YoY to Rs 463 million for the quarter ended March 2024, compared to a profit of Rs 307 million a year ago. Net sales rose 6.3% to Rs 4,620 million during the period as against Rs 4,348 million in January-March 2023.

For the year ended March 2023, FDC reported 10.3% decrease in net profit to Rs 1,938 million compared to net profit of Rs 2,162 million during FY22. Revenue of the company grew 16.7% to Rs 17,838 million during FY23.

The current Price to earnings ratio of FDC, based on rolling 12 month earnings, stands at 26.7.


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