LAURUS LABS share price has zoomed 4% and is presently trading at Rs 531.7.
Meanwhile, the BSE HEALTHCARE index is at 43,308.2 (up 0.8%).
Among the top gainers in the BSE HEALTHCARE index today are POLY MEDICURE (up 16.0%) and ERIS LIFESCIENCES (up 5.5%).
MAX HEALTHCARE INSTITUTE (down 2.8%) and ALKEM LABORATORIES (down 2.7%) are among the top losers today.
Over the last one year, LAURUS LABS has moved up from Rs 373.7 to Rs 531.7, registering a gain of Rs 158.0 (up 42.3%).
On the other hand, the BSE HEALTHCARE index has moved up from 29,757.1 to 43,308.2, registering a gain of 45.5% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 158.2%), SUVEN PHARMACEUTICALS (up 116.6%) and POLY MEDICURE (up 97.0%).
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The BSE Sensex is at 80,063.7 (up 1.2%).
The top gainers among the BSE Sensex today are L&T (up 4.1%) and SBI (up 3.4%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.
In the meantime, NSE Nifty is at 24,227.0 (up 1.3%). ONGC and Bharat Electronics are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,063.7, registering a gain of 14,133.0 points (up 21.4%).
LAURUS LABS net profit fell 54.9% YoY to Rs 177 million for the quarter ended September 2024, compared to a profit of Rs 393 million a year ago. Net sales declined 0.1% to Rs 12,237 million during the period as against Rs 12,245 million in July-September 2023.
For the year ended March 2024, LAURUS LABS reported 78.9% decrease in net profit to Rs 1,682 million compared to net profit of Rs 7,966 million during FY23. Revenue of the company fell 16.6% to Rs 50,408 million during FY24.
The current Price to earnings ratio of LAURUS LABS , based on rolling 12 month earnings, stands at 219.8.
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