Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

KOVAI MEDICAL Gains 6%; BSE HEALTHCARE Index Down 1.0%
Tue, 29 Oct 12:40

KOVAI MEDICAL Gains 6%; BSE HEALTHCARE Index Down 1.0%Image source: Sakorn BernardaSv/www.istockphoto.com

KOVAI MEDICAL share price has zoomed 6% and is presently trading at Rs 5,260.7.

Meanwhile, the BSE HEALTHCARE index is at 42,991.0 (down 1.0%).

Among the top gainers in the BSE HEALTHCARE index today are CAPLIN POINT (up 2.5%) and MAX HEALTHCARE INSTITUTE (up 2.1%).

Glenmark Pharma (down 3.4%) and Dr. Reddys (down 3.4%) are among the top losers today.

Over the last one year, KOVAI MEDICAL has moved up from Rs 2,577.2 to Rs 5,260.7, registering a gain of Rs 2,683.5 (up 104.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,318.2 to 42,991.0, registering a gain of 57.4% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 227.5%), Glenmark Pharma (up 120.4%) and SUVEN PHARMACEUTICALS (up 118.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,871.9 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and Maruti Suzuki (down 2.3%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,287.7 (down 0.2%). Tata Motors and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,871.9, registering a gain of 15,822.8 points (up 24.7%).

KOVAI MEDICAL Financial Update...

KOVAI MEDICAL net profit grew 47.4% YoY to Rs 458 million for the quarter ended June 2024, compared to a profit of Rs 311 million a year ago. Net sales rose 14.7% to Rs 3,151 million during the period as against Rs 2,746 million in April-June 2023.

For the year ended March 2024, KOVAI MEDICAL reported 55.3% increase in net profit to Rs 1,797 million compared to net profit of Rs 1,158 million during FY23. Revenue of the company grew 19.6% to Rs 12,196 million during FY24.

The current Price to earnings ratio of KOVAI MEDICAL, based on rolling 12 month earnings, stands at 29.6.


Equitymaster requests your view! Post a comment on "KOVAI MEDICAL Gains 6%; BSE HEALTHCARE Index Down 1.0%". Click here!