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KIMS Gains 4%; BSE HEALTHCARE Index Up 0.3%
Wed, 10 Jul 9:26

KIMS Gains 4%; BSE HEALTHCARE Index Up 0.3%Image source: Sefa Ozel/www.istockphoto.com

KIMS share price has zoomed 4% and is presently trading at Rs 2,181.1.

Meanwhile, the BSE HEALTHCARE index is at 38,556.1 (up 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are POLY MEDICURE (up 3.1%) and ASTRAZENECA PHARMA (up 2.7%).

METROPOLIS HEALTHCARE (down 0.9%) and CAPLIN POINT (down 0.8%) are among the top losers today.

Over the last one year, KIMS has moved up from Rs 1,780.9 to Rs 2,181.1, registering a gain of Rs 400.2 (up 22.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,922.2 to 38,556.1, registering a gain of 48.7% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 103.3%), Lupin (up 101.8%) and Cadila Healthcare (up 100.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,188.6 (down 0.2%).

The top losers among the BSE Sensex today are M&M (down 4.1%) and Kotak Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,398.4 (down 0.1%). M&M and Axis Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 80,188.6, registering a gain of 14,844.4 points (up 22.7%).

KIMS Financial Update...

KIMS net profit fell 27.4% YoY to Rs 716 million for the quarter ended March 2024, compared to a profit of Rs 987 million a year ago. Net sales rose 10.0% to Rs 6,338 million during the period as against Rs 5,759 million in January-March 2023.

For the year ended March 2023, KIMS reported 6.4% increase in net profit to Rs 3,658 million compared to net profit of Rs 3,438 million during FY22. Revenue of the company grew 33.1% to Rs 21,977 million during FY23.

The current Price to earnings ratio of KIMS, based on rolling 12 month earnings, stands at 51.9.


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