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LAURUS LABS Gains 5%; BSE HEALTHCARE Index Up 0.5%
Wed, 14 Aug 9:20

LAURUS LABS Gains 5%; BSE HEALTHCARE Index Up 0.5%Image source: phive2015/www.istockphoto.com

LAURUS LABS share price has zoomed 5% and is presently trading at Rs 439.1.

Meanwhile, the BSE HEALTHCARE index is at 41,236.4 (up 0.5%).

Among the top gainers in the BSE HEALTHCARE index today are ALEMBIC PHARMA (up 2.0%) and Natco Pharma (up 1.9%).

HIKAL CHEMIC (down 2.7%) and GSK Pharma (down 2.2%) are among the top losers today.

Over the last one year, LAURUS LABS has moved up from Rs 384.7 to Rs 439.1, registering a gain of Rs 54.5 (up 14.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,819.2 to 41,236.4, registering a gain of 48.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 133.4%), SUVEN PHARMACEUTICALS (up 100.5%) and GSK Pharma (up 99.5%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,065.2 (up 0.1%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 1.1%) and NTPC (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,184.4 (up 0.2%). Hindalco and SBI are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,065.2, registering a gain of 13,663.3 points (up 20.9%).

LAURUS LABS Financial Update...

LAURUS LABS net profit fell 57.0% YoY to Rs 122 million for the quarter ended June 2024, compared to a profit of Rs 284 million a year ago. Net sales rose 1.1% to Rs 11,949 million during the period as against Rs 11,818 million in April-June 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 155.7.

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