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NEULAND LABS Gains 12%; BSE HEALTHCARE Index Up 0.9%
Tue, 12 Nov 10:4

NEULAND LABS Gains 12%; BSE HEALTHCARE Index Up 0.9%Image source: peterschreiber.media/www.istockphoto.com

NEULAND LABS share price has zoomed 12% and is presently trading at Rs 15,279.1.

Meanwhile, the BSE HEALTHCARE index is at 43,864.5 (up 0.9%).

Among the top gainers in the BSE HEALTHCARE index today are FORTIS HEALTHCARE (up 4.4%) and IPCA Labs (up 3.9%).

Glenmark Pharma (down 1.4%) and GLAND PHARMA (down 0.6%) are among the top losers today.

Over the last one year, NEULAND LABS has moved up from Rs 4,938.6 to Rs 15,279.1, registering a gain of Rs 10,340.6 (up 209.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,646.0 to 43,864.5, registering a gain of 53.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 208.4%), SUVEN PHARMACEUTICALS (up 121.8%) and Glenmark Pharma (up 105.2%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,509.6 .

The top gainers among the BSE Sensex today are Sun Pharma (up 1.4%) and ICICI Bank (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,229.1 (up 0.4%). Trent and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,975.6 to 79,509.6, registering a gain of 14,533.9 points (up 22.4%).

NEULAND LABS Financial Update...

NEULAND LABS net profit fell 63.2% YoY to Rs 328 million for the quarter ended September 2024, compared to a profit of Rs 892 million a year ago. Net sales declined 25.6% to Rs 3,108 million during the period as against Rs 4,177 million in July-September 2023.

For the year ended March 2024, NEULAND LABS reported 83.5% increase in net profit to Rs 3,001 million compared to net profit of Rs 1,635 million during FY23. Revenue of the company grew 30.8% to Rs 15,586 million during FY24.

The current Price to earnings ratio of NEULAND LABS, based on rolling 12 month earnings, stands at 70.1.


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