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GLAND PHARMA Gains 4%; BSE HEALTHCARE Index Up 0.8%
Tue, 3 Sep 11:21

GLAND PHARMA Gains 4%; BSE HEALTHCARE Index Up 0.8%Image source: Eoneren/www.istockphoto.com

GLAND PHARMA share price has zoomed 4% and is presently trading at Rs 1,911.6.

Meanwhile, the BSE HEALTHCARE index is at 43,320.5 (up 0.8%).

Among the top gainers in the BSE HEALTHCARE index today are POLY MEDICURE (up 6.0%) and Sanofi India (up 3.7%).

SUN PHARMA ADV. RES. (down 1.0%) and HIKAL CHEMIC (down 0.5%) are among the top losers today.

Over the last one year, GLAND PHARMA has moved up from Rs 1,595.4 to Rs 1,911.6, registering a gain of Rs 316.2 (up 19.8%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,871.2 to 43,320.5, registering a gain of 55.4% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 129.3%), Glenmark Pharma (up 125.8%) and SUVEN PHARMACEUTICALS (up 115.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,474.1 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.9%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,256.7 (down 0.1%). Bajaj Finance and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,474.1, registering a gain of 17,386.8 points (up 26.7%).

GLAND PHARMA Financial Update...

GLAND PHARMA net profit fell 25.9% YoY to Rs 1,438 million for the quarter ended June 2024, compared to a profit of Rs 1,941 million a year ago. Net sales rose 16.0% to Rs 14,017 million during the period as against Rs 12,087 million in April-June 2023.

For the year ended March 2024, GLAND PHARMA reported 1.1% decrease in net profit to Rs 7,725 million compared to net profit of Rs 7,810 million during FY23. Revenue of the company grew 56.3% to Rs 56,647 million during FY24.

The current Price to earnings ratio of GLAND PHARMA, based on rolling 12 month earnings, stands at 43.6.


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