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NEULAND LABS Gains 7%; BSE HEALTHCARE Index Up 0.2%
Tue, 15 Oct 13:40

NEULAND LABS Gains 7%; BSE HEALTHCARE Index Up 0.2%Image source: hudiemm/www.istockphoto.com

NEULAND LABS share price has zoomed 7% and is presently trading at Rs 15,238.8.

Meanwhile, the BSE HEALTHCARE index is at 44,697.0 (up 0.2%).

Among the top gainers in the BSE HEALTHCARE index today are Jubilant Pharmova (up 6.0%) and FDC (up 4.5%).

Natco Pharma (down 2.9%) and GLAND PHARMA (down 2.6%) are among the top losers today.

Over the last one year, NEULAND LABS has moved up from Rs 3,812.2 to Rs 15,238.8, registering a gain of Rs 11,426.6 (up 299.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,152.0 to 44,697.0, registering a gain of 58.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 192.8%), Glenmark Pharma (up 131.9%) and SUVEN PHARMACEUTICALS (up 111.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,756.4 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.4%) and M&M (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,043.7 (down 0.3%). Bajaj Auto and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 81,756.4, registering a gain of 15,283.4 points (up 23.0%).

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 58.2.


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