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GLAND PHARMA Gains 9%; BSE HEALTHCARE Index Down 0.1%
Tue, 5 Nov 9:54

GLAND PHARMA Gains 9%; BSE HEALTHCARE Index Down 0.1%Image source: ipopba/www.istockphoto.com

GLAND PHARMA share price has zoomed 9% and is presently trading at Rs 1,744.9.

Meanwhile, the BSE HEALTHCARE index is at 43,800.0 (down 0.1%).

Among the top gainers in the BSE HEALTHCARE index today are Procter & Gamble Health (up 6.6%) and AJANTA PHARMA (up 2.4%).

FORTIS HEALTHCARE (down 3.6%) and Cadila Healthcare (down 2.0%) are among the top losers today.

Over the last one year, GLAND PHARMA has moved up from Rs 1,532.0 to Rs 1,744.9, registering a gain of Rs 212.9 (up 13.9%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,350.0 to 43,800.0, registering a gain of 60.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 228.8%), Glenmark Pharma (up 130.2%) and SUVEN PHARMACEUTICALS (up 129.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,601.8 (down 0.2%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.3%) and ITC (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,938.7 (down 0.2%). Coal India and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,601.8, registering a gain of 15,010.5 points (up 23.6%).

GLAND PHARMA Financial Update...

GLAND PHARMA net profit fell 15.7% YoY to Rs 1,635 million for the quarter ended September 2024, compared to a profit of Rs 1,941 million a year ago. Net sales rose 2.4% to Rs 14,058 million during the period as against Rs 13,734 million in July-September 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 41.6.


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