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FDC Plunges 4%; BSE HEALTHCARE Index Up 0.5%
Thu, 7 Nov 9:25

FDC Plunges 4%; BSE HEALTHCARE Index Up 0.5%Image source: asbe/www.istockphoto.com

FDC share price has plunged 4% and is presently trading at Rs 525.0.

Meanwhile, the BSE HEALTHCARE index is at 44,706.1 (up 0.5%).

Among the top losers in the BSE HEALTHCARE index today are GLAND PHARMA (down 1.4%) and AJANTA PHARMA (down 1.1%).

APOLLO HOSPITALS (up 5.7%) and GRANULES INDIA (up 1.7%) are among the top gainers today.

Over the last one year, FDC has moved up from Rs 360.4 to Rs 525.0, registering a gain of Rs 164.6 (up 45.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,089.2 to 44,706.1, registering a gain of 59.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 216.0%), Glenmark Pharma (up 133.1%) and SUVEN PHARMACEUTICALS (up 131.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,329.2 (down 0.1%).

The top losers among the BSE Sensex today are ICICI Bank (down 0.7%) and Reliance Ind. (down 0.6%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,454.6 (down 0.1%). Hindalco and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,329.2, registering a gain of 15,370.5 points (up 23.7%).

FDC Financial Update...

FDC net profit grew 3.2% YoY to Rs 720 million for the quarter ended September 2024, compared to a profit of Rs 698 million a year ago. Net sales rose 5.7% to Rs 5,138 million during the period as against Rs 4,864 million in July-September 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 27.0.


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