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NEULAND LABS Gains 6%; BSE HEALTHCARE Index Up 0.1%
Tue, 24 Sep 14:29

NEULAND LABS Gains 6%; BSE HEALTHCARE Index Up 0.1%Image source: Kameleon007 /www.istockphoto.com

NEULAND LABS share price has zoomed 6% and is presently trading at Rs 13,010.0.

Meanwhile, the BSE HEALTHCARE index is at 44,271.4 (up 0.1%).

Among the top gainers in the BSE HEALTHCARE index today are ASTRAZENECA PHARMA (up 11.6%) and IPCA Labs (up 2.3%).

SUVEN PHARMACEUTICALS (down 3.4%) and ERIS LIFESCIENCES (down 2.0%) are among the top losers today.

Over the last one year, NEULAND LABS has moved up from Rs 3,660.6 to Rs 13,010.0, registering a gain of Rs 9,349.4 (up 255.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,349.9 to 44,271.4, registering a gain of 56.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 174.4%), SUVEN PHARMACEUTICALS (up 122.3%) and Glenmark Pharma (up 98.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,024.7 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Steel (up 4.6%) and Power Grid Corp. (up 2.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,972.3 (up 0.1%). Tata Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 85,024.7, registering a gain of 18,223.8 points (up 27.3%).

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 49.7.


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