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MOREPEN LABS Gains 8%; BSE HEALTHCARE Index Up 1.2%
Mon, 2 Dec 15:53

MOREPEN LABS Gains 8%; BSE HEALTHCARE Index Up 1.2%Image source: StarLineArts/www.istockphoto.com

MOREPEN LABS share price has zoomed 8% and is presently trading at Rs 85.0.

Meanwhile, the BSE HEALTHCARE index is at 44,196.0 (up 1.2%).

Among the top gainers in the BSE HEALTHCARE index today are MAX HEALTHCARE INSTITUTE (up 3.8%) and APOLLO HOSPITALS (up 3.3%).

Jubilant Pharmova (down 2.4%) and GSK Pharma (down 1.7%) are among the top losers today.

Over the last one year, MOREPEN LABS has moved up from Rs 46.4 to Rs 85.0, registering a gain of Rs 38.6 (up 83.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 29,654.9 to 44,196.0, registering a gain of 49.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 178.5%), SUVEN PHARMACEUTICALS (up 103.6%) and Glenmark Pharma (up 101.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

MOREPEN LABS Financial Update...

MOREPEN LABS net profit grew 63.9% YoY to Rs 348 million for the quarter ended September 2024, compared to a profit of Rs 213 million a year ago. Net sales rose 3.8% to Rs 4,377 million during the period as against Rs 4,218 million in July-September 2023.

For the year ended March 2024, MOREPEN LABS reported 149.8% increase in net profit to Rs 966 million compared to net profit of Rs 387 million during FY23. Revenue of the company grew 19.3% to Rs 16,904 million during FY24.

The current Price to earnings ratio of MOREPEN LABS, based on rolling 12 month earnings, stands at 35.4.


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