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MEDICO REMEDIES Gains 8%; BSE HEALTHCARE Index Down 0.3%
Fri, 8 Nov 12:19

MEDICO REMEDIES  Gains 8%; BSE HEALTHCARE Index Down 0.3%Image source: Eoneren/www.istockphoto.com

MEDICO REMEDIES share price has zoomed 8% and is presently trading at Rs 62.7.

Meanwhile, the BSE HEALTHCARE index is at 43,965.0 (down 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are Abbott India (up 1.1%) and NARAYANA HRUDAYALAYA (up 1.0%).

ALEMBIC PHARMA (down 3.1%) and AJANTA PHARMA (down 2.3%) are among the top losers today.

Over the last one year, MEDICO REMEDIES has moved down from Rs 74.8 to Rs 62.7, registering a loss of Rs 12.1 (down 16.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,089.2 to 43,965.0, registering a gain of 56.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 209.0%), SUVEN PHARMACEUTICALS (up 123.8%) and Glenmark Pharma (up 119.3%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 79,353.0 (down 0.2%).

The top losers among the BSE Sensex today are Asian Paints (down 2.6%) and ICICI Bank (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,119.5 (down 0.3%). Asian Paints and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,353.0, registering a gain of 14,394.3 points (up 22.2%).

MEDICO REMEDIES Financial Update...

MEDICO REMEDIES net profit grew 19.5% YoY to Rs 16 million for the quarter ended June 2024, compared to a profit of Rs 13 million a year ago. Net sales declined 2.1% to Rs 308 million during the period as against Rs 315 million in April-June 2023.

For the year ended March 2024, MEDICO REMEDIES reported 14.5% increase in net profit to Rs 83 million compared to net profit of Rs 72 million during FY23. Revenue of the company grew 3.2% to Rs 1,449 million during FY24.

The current Price to earnings ratio of MEDICO REMEDIES , based on rolling 12 month earnings, stands at 60.9.


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