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KIMS Gains 5%; BSE HEALTHCARE Index Up 0.4%
Tue, 25 Jun 9:34

KIMS Gains 5%; BSE HEALTHCARE Index Up 0.4%Image source: DNY59/www.istockphoto.com

KIMS share price has zoomed 5% and is presently trading at Rs 2,151.2.

Meanwhile, the BSE HEALTHCARE index is at 36,868.0 (up 0.4%).

Among the top gainers in the BSE HEALTHCARE index today are HIKAL CHEMIC (up 2.2%) and DR. LAL PATHLABS (up 1.9%).

ASTER DM HEALTHCARE (down 2.3%) and Procter & Gamble Health (down 0.9%) are among the top losers today.

Over the last one year, KIMS has moved up from Rs 1,724.5 to Rs 2,151.2, registering a gain of Rs 426.7 (up 24.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,114.1 to 36,868.0, registering a gain of 46.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Cadila Healthcare (up 93.4%), Natco Pharma (up 93.0%) and Glenmark Pharma (up 90.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,513.4 (up 0.2%).

The top gainers among the BSE Sensex today are HDFC Bank (up 1.0%) and Ultratech Cement (up 0.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,578.6 (up 0.2%). HDFC Bank and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,513.4, registering a gain of 13,990.2 points (up 22.0%).

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 51.2.


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