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KOVAI MEDICAL Gains 7%; BSE HEALTHCARE Index Up 0.6%
Mon, 19 Aug 12:15

KOVAI MEDICAL Gains 7%; BSE HEALTHCARE Index Up 0.6%Image source: StarLineArts/www.istockphoto.com

KOVAI MEDICAL share price has zoomed 7% and is presently trading at Rs 5,295.0.

Meanwhile, the BSE HEALTHCARE index is at 41,408.9 (up 0.6%).

Among the top gainers in the BSE HEALTHCARE index today are CAPLIN POINT (up 11.3%) and AARTI DRUGS (up 5.4%).

SUVEN PHARMACEUTICALS (down 2.7%) and FORTIS HEALTHCARE (down 2.3%) are among the top losers today.

Over the last one year, KOVAI MEDICAL has moved up from Rs 2,460.3 to Rs 5,295.0, registering a gain of Rs 2,834.7 (up 115.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,819.2 to 41,408.9, registering a gain of 48.9% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 127.6%), Jubilant Pharmova (up 108.2%) and GSK Pharma (up 107.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,484.5 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.4%) and NTPC (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,575.7 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,484.5, registering a gain of 15,082.5 points (up 23.1%).

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 29.8.


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