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FDC Gains 8%; BSE HEALTHCARE Index Up 1.0%
Thu, 12 Sep 9:46

FDC Gains 8%; BSE HEALTHCARE Index Up 1.0%Image source: Chunumunu/www.istockphoto.com

FDC share price has zoomed 8% and is presently trading at Rs 625.9.

Meanwhile, the BSE HEALTHCARE index is at 44,231.6 (up 1.0%).

Among the top gainers in the BSE HEALTHCARE index today are HIKAL CHEMIC (up 4.4%) and Aurobindo Pharma (up 4.2%).

SUVEN PHARMACEUTICALS (down 1.0%) and Natco Pharma (down 0.4%) are among the top losers today.

Over the last one year, FDC has moved up from Rs 392.6 to Rs 625.9, registering a gain of Rs 233.4 (up 59.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,436.8 to 44,231.6, registering a gain of 55.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 128.3%), SUVEN PHARMACEUTICALS (up 127.6%) and GRANULES INDIA (up 118.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,779.6 (up 0.3%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.9%) and MUNDRA PORT & SEZ (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,010.0 (up 0.4%). Tata Steel and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,779.6, registering a gain of 14,652.5 points (up 21.8%).

FDC Financial Update...

FDC net profit grew 8.4% YoY to Rs 1,190 million for the quarter ended June 2024, compared to a profit of Rs 1,098 million a year ago. Net sales rose 19.0% to Rs 6,383 million during the period as against Rs 5,364 million in April-June 2023.

For the year ended March 2024, FDC reported 57.4% increase in net profit to Rs 3,051 million compared to net profit of Rs 1,938 million during FY23. Revenue of the company grew 8.9% to Rs 19,429 million during FY24.

The current Price to earnings ratio of FDC, based on rolling 12 month earnings, stands at 32.4.


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