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GRANULES INDIA Plunges 4%; BSE HEALTHCARE Index Down 0.4%
Mon, 2 Sep 13:16

GRANULES INDIA Plunges 4%; BSE HEALTHCARE Index Down 0.4%Image source: Ivcandy/www.istockphoto.com

GRANULES INDIA share price has plunged 4% and is presently trading at Rs 689.9.

Meanwhile, the BSE HEALTHCARE index is at 43,016.0 (down 0.4%).

Among the top losers in the BSE HEALTHCARE index today are Dr. Reddys (down 2.4%) and Glenmark Pharma (down 2.3%).

Pfizer (up 4.4%) and FORTIS HEALTHCARE (up 2.3%) are among the top gainers today.

Over the last one year, GRANULES INDIA has moved up from Rs 301.6 to Rs 689.9, registering a gain of Rs 388.3 (up 128.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,815.8 to 43,016.0, registering a gain of 54.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 128.7%), Glenmark Pharma (up 123.9%) and SUVEN PHARMACEUTICALS (up 114.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,533.5 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.6%) and HCl Tech. (up 3.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,255.7 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,533.5, registering a gain of 17,457.7 points (up 26.8%).

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 34.0.


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