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HIKAL CHEMIC Gains 6%; BSE HEALTHCARE Index Up 0.8%
Wed, 11 Sep 11:52

HIKAL CHEMIC Gains 6%; BSE HEALTHCARE Index Up 0.8%Image source: Sefa Ozel/www.istockphoto.com

HIKAL CHEMIC share price has zoomed 6% and is presently trading at Rs 394.3.

Meanwhile, the BSE HEALTHCARE index is at 44,179.1 (up 0.8%).

Among the top gainers in the BSE HEALTHCARE index today are Natco Pharma (up 4.1%) and FORTIS HEALTHCARE (up 2.3%).

SYNGENE INTERNATIONAL (down 1.2%) and ERIS LIFESCIENCES (down 1.1%) are among the top losers today.

Over the last one year, HIKAL CHEMIC has moved up from Rs 306.1 to Rs 394.3, registering a gain of Rs 88.2 (up 28.8%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,436.8 to 44,179.1, 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 SUVEN PHARMACEUTICALS (up 132.5%), Jubilant Pharmova (up 129.5%) and GRANULES INDIA (up 120.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,001.4 (up 0.1%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.4%) and Bajaj Finance (up 1.8%). The most traded stocks in the BSE Sensex are Tata Motors and MUNDRA PORT & SEZ.

In the meantime, NSE Nifty is at 25,070.0 (up 0.1%). Bajaj Auto and Asian Paints are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,001.4, registering a gain of 14,874.3 points (up 22.2%).

HIKAL CHEMIC Financial Update...

HIKAL CHEMIC net profit fell 26.1% YoY to Rs 51 million for the quarter ended June 2024, compared to a profit of Rs 69 million a year ago. Net sales rose 4.8% to Rs 4,068 million during the period as against Rs 3,880 million in April-June 2023.

For the year ended March 2024, HIKAL CHEMIC reported 11.2% decrease in net profit to Rs 696 million compared to net profit of Rs 784 million during FY23. Revenue of the company fell 11.8% to Rs 17,846 million during FY24.

The current Price to earnings ratio of HIKAL CHEMIC, based on rolling 12 month earnings, stands at 71.7.


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