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HIKAL CHEMIC Plunges 3%; BSE HEALTHCARE Index Up 0.2%
Mon, 16 Sep 13:36

HIKAL CHEMIC Plunges 3%; BSE HEALTHCARE Index Up 0.2%Image source: StarLineArts/www.istockphoto.com

HIKAL CHEMIC share price has plunged 3% and is presently trading at Rs 383.9.

Meanwhile, the BSE HEALTHCARE index is at 44,418.1 (up 0.2%).

Among the top losers in the BSE HEALTHCARE index today are FDC (down 2.7%) and AJANTA PHARMA (down 2.5%).

Biocon (up 3.5%) and MAX HEALTHCARE INSTITUTE (up 2.5%) are among the top gainers today.

Over the last one year, HIKAL CHEMIC has moved up from Rs 294.8 to Rs 383.9, registering a gain of Rs 89.1 (up 30.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,294.8 to 44,418.1, registering a gain of 57.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 181.2%), SUVEN PHARMACEUTICALS (up 129.2%) and Glenmark Pharma (up 114.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,041.0 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.1%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,401.0 (up 0.2%). JSW Steel and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,221.1 to 83,041.0, registering a gain of 15,819.9 points (up 23.5%).

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 69.8.

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