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GRANULES INDIA Gains 4%; BSE HEALTHCARE Index Down 0.3%
Thu, 3 Oct 9:48

GRANULES INDIA Gains 4%; BSE HEALTHCARE Index Down 0.3%Image source: hudiemm/www.istockphoto.com

GRANULES INDIA share price has zoomed 4% and is presently trading at Rs 591.7.

Meanwhile, the BSE HEALTHCARE index is at 44,113.3 (down 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are ERIS LIFESCIENCES (up 3.6%) and ALEMBIC PHARMA (up 2.4%).

KIMS (down 6.2%) and FORTIS HEALTHCARE (down 3.2%) are among the top losers today.

Over the last one year, GRANULES INDIA has moved up from Rs 356.4 to Rs 591.7, registering a gain of Rs 235.3 (up 66.0%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,428.9 to 44,113.3, registering a gain of 55.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 164.4%), SUVEN PHARMACEUTICALS (up 109.3%) and Glenmark Pharma (up 98.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,714.3 (down 0.7%).

The top losers among the BSE Sensex today are Asian Paints (down 2.2%) and Tata Motors (down 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,616.8 (down 0.7%). BPCL and Eicher Motor are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,714.3, registering a gain of 18,202.2 points (up 27.8%).

GRANULES INDIA Financial Update...

GRANULES INDIA net profit grew 181.1% YoY to Rs 1,346 million for the quarter ended June 2024, compared to a profit of Rs 479 million a year ago. Net sales rose 19.7% to Rs 11,799 million during the period as against Rs 9,855 million in April-June 2023.

For the year ended March 2024, GRANULES INDIA reported 21.5% decrease in net profit to Rs 4,053 million compared to net profit of Rs 5,166 million during FY23. Revenue of the company fell 0.1% to Rs 45,064 million during FY24.

The current Price to earnings ratio of GRANULES INDIA, based on rolling 12 month earnings, stands at 29.1.


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