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IPCA Labs Gains 4%; BSE HEALTHCARE Index Up 0.8%
Fri, 28 Jun 13:46

IPCA Labs Gains 4%; BSE HEALTHCARE Index Up 0.8%Image source: Sakorn BernardaSv/www.istockphoto.com

IPCA Labs share price has zoomed 4% and is presently trading at Rs 1,134.1.

Meanwhile, the BSE HEALTHCARE index is at 37,059.7 (up 0.8%).

Among the top gainers in the BSE HEALTHCARE index today are J.B.Chemicals (up 4.4%) and Dr. Reddys (up 2.5%).

SUN PHARMA ADV. RES. (down 2.1%) and ASTRAZENECA PHARMA (down 1.5%) are among the top losers today.

Over the last one year, IPCA Labs has moved up from Rs 740.5 to Rs 1,134.1, registering a gain of Rs 393.6 (up 53.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,266.1 to 37,059.7, registering a gain of 46.7% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Cadila Healthcare (up 91.2%), Glenmark Pharma (up 89.4%) and GSK Pharma (up 86.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,255.8 .

The top gainers among the BSE Sensex today are Tata Motors (up 2.4%) and Reliance Ind. (up 2.2%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,080.1 (up 0.2%). Dr. Reddys and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,255.8, registering a gain of 16,285.8 points (up 25.9%).

IPCA Labs Financial Update...

IPCA Labs net profit fell 96.4% YoY to Rs 29 million for the quarter ended March 2024, compared to a profit of Rs 811 million a year ago. Net sales rose 34.5% to Rs 20,330 million during the period as against Rs 15,116 million in January-March 2023.

For the year ended March 2023, IPCA Labs reported 46.0% decrease in net profit to Rs 4,919 million compared to net profit of Rs 9,110 million during FY22. Revenue of the company grew 6.9% to Rs 61,642 million during FY23.

The current Price to earnings ratio of IPCA Labs, based on rolling 12 month earnings, stands at 54.4.

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