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MEDICO REMEDIES Plunges 10%; BSE HEALTHCARE Index Up 0.6%
Tue, 19 Nov 10:0

MEDICO REMEDIES  Plunges 10%; BSE HEALTHCARE Index Up 0.6%Image source: DNY59/www.istockphoto.com

MEDICO REMEDIES share price has plunged 10% and is presently trading at Rs 45.6.

Meanwhile, the BSE HEALTHCARE index is at 42,360.7 (up 0.6%).

Among the top losers in the BSE HEALTHCARE index today are Jubilant Pharmova (down 0.4%) and ALKEM LABORATORIES (down 0.2%).

GRANULES INDIA (up 3.9%) and ERIS LIFESCIENCES (up 3.6%) are among the top gainers today.

Over the last one year, MEDICO REMEDIES has moved down from Rs 78.7 to Rs 45.6, registering a loss of Rs 33.1 (down 42.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,951.5 to 42,360.7, registering a gain of 46.3% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 173.2%), SUVEN PHARMACEUTICALS (up 125.8%) and Glenmark Pharma (up 97.3%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,042.6 (up 0.9%).

The top gainers among the BSE Sensex today are M&M (up 3.2%) and MUNDRA PORT & SEZ (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 23,675.7 (up 1.0%). Trent and M&M are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,042.6, registering a gain of 12,366.7 points (up 18.8%).

MEDICO REMEDIES Financial Update...

MEDICO REMEDIES net profit fell 35.9% YoY to Rs 16 million for the quarter ended September 2024, compared to a profit of Rs 24 million a year ago. Net sales declined 7.1% to Rs 393 million during the period as against Rs 424 million in July-September 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 49.3.


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