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NEULAND LABS Gains 4%; BSE HEALTHCARE Index Up 0.9%
Thu, 8 Aug 12:4

NEULAND LABS Gains 4%; BSE HEALTHCARE Index Up 0.9%Image source: Ivcandy/www.istockphoto.com

NEULAND LABS share price has zoomed 4% and is presently trading at Rs 11,598.0.

Meanwhile, the BSE HEALTHCARE index is at 41,186.3 (up 0.9%).

Among the top gainers in the BSE HEALTHCARE index today are KIMS (up 3.2%) and ALEMBIC PHARMA (up 3.2%).

CAPLIN POINT (down 1.9%) and FDC (down 1.7%) are among the top losers today.

Over the last one year, NEULAND LABS has moved up from Rs 3,833.7 to Rs 11,598.0, registering a gain of Rs 7,764.4 (up 202.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,300.0 to 41,186.3, registering a gain of 45.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 117.1%), GSK Pharma (up 106.6%) and SUVEN PHARMACEUTICALS (up 105.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,301.4 (down 0.2%).

The top losers among the BSE Sensex today are Asian Paints (down 2.3%) and Infosys (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,225.6 (down 0.3%). Asian Paints and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,301.4, registering a gain of 13,347.9 points (up 20.2%).

NEULAND LABS Financial Update...

NEULAND LABS net profit grew 58.2% YoY to Rs 979 million for the quarter ended June 2024, compared to a profit of Rs 619 million a year ago. Net sales rose 21.1% to Rs 4,396 million during the period as against Rs 3,630 million in April-June 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 44.3.


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