NEULAND LABS share price has zoomed 5% and is presently trading at Rs 15,432.9.
Meanwhile, the BSE HEALTHCARE index is at 43,800.0 (down 0.1%).
Among the top gainers in the BSE HEALTHCARE index today are GLAND PHARMA (up 8.4%) and Procter & Gamble Health (up 6.6%).
FORTIS HEALTHCARE (down 3.6%) and Cadila Healthcare (down 2.0%) are among the top losers today.
Over the last one year, NEULAND LABS has moved up from Rs 3,850.9 to Rs 15,432.9, registering a gain of Rs 11,582.1 (up 300.8%).
On the other hand, the BSE HEALTHCARE index has moved up from 27,350.0 to 43,800.0, registering a gain of 60.1% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 228.8%), Glenmark Pharma (up 130.2%) and SUVEN PHARMACEUTICALS (up 129.5%).
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The BSE Sensex is at 78,601.8 (down 0.2%).
The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.3%) and ITC (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 23,938.7 (down 0.2%). Coal India and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,601.8, registering a gain of 15,010.5 points (up 23.6%).
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 58.9.
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