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KIMS Plunges 4%; BSE HEALTHCARE Index Down 1.2%
Wed, 18 Sep 13:9

KIMS Plunges 4%; BSE HEALTHCARE Index Down 1.2%Image source: Nikada/www.istockphoto.com

KIMS share price has plunged 4% and is presently trading at Rs 542.4.

Meanwhile, the BSE HEALTHCARE index is at 43,780.0 (down 1.2%).

Among the top losers in the BSE HEALTHCARE index today are Abbott India (down 3.9%) and LAURUS LABS (down 3.5%).

POLY MEDICURE (up 3.1%) and GSK Pharma (up 0.9%) are among the top gainers today.

Over the last one year, KIMS has moved up from Rs 398.6 to Rs 542.4, registering a gain of Rs 143.7 (up 36.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,508.7 to 43,780.0, registering a gain of 53.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 175.6%), SUVEN PHARMACEUTICALS (up 106.2%) and Lupin (up 96.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,172.9 (up 0.1%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 3.7%) and Bajaj Finserv (up 2.3%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 25,386.7 (down 0.1%). TCS and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,172.9, registering a gain of 15,576.1 points (up 23.0%).

KIMS Financial Update...

KIMS net profit grew 9.8% YoY to Rs 952 million for the quarter ended June 2024, compared to a profit of Rs 867 million a year ago. Net sales rose 13.6% to Rs 6,884 million during the period as against Rs 6,060 million in April-June 2023.

For the year ended March 2024, KIMS reported 8.1% decrease in net profit to Rs 3,360 million compared to net profit of Rs 3,658 million during FY23. Revenue of the company grew 13.7% to Rs 24,981 million during FY24.

The current Price to earnings ratio of KIMS, based on rolling 12 month earnings, stands at 62.9.


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