Natco Pharma share price has zoomed 5% and is presently trading at Rs 1,547.1.
Meanwhile, the BSE HEALTHCARE index is at 42,085.2 (up 0.2%).
Among the top gainers in the BSE HEALTHCARE index today are AARTI DRUGS (up 7.6%) and SUVEN PHARMACEUTICALS (up 3.7%).
GSK Pharma (down 4.3%) and Procter & Gamble Health (down 2.6%) are among the top losers today.
Over the last one year, Natco Pharma has moved up from Rs 860.6 to Rs 1,547.1, registering a gain of Rs 686.6 (up 79.8%).
On the other hand, the BSE HEALTHCARE index has moved up from 28,021.8 to 42,085.2, registering a gain of 50.2% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 130.0%), Glenmark Pharma (up 116.4%) and GSK Pharma (up 108.8%).
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The BSE Sensex is at 81,070.5 (up 0.2%).
The top gainers among the BSE Sensex today are Bharti Airtel (up 1.7%) and Tata Steel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.
In the meantime, NSE Nifty is at 24,826.3 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,070.5, registering a gain of 15,854.4 points (up 24.3%).
Natco Pharma net profit grew 59.1% YoY to Rs 6,685 million for the quarter ended June 2024, compared to a profit of Rs 4,203 million a year ago. Net sales rose 19.5% to Rs 13,626 million during the period as against Rs 11,405 million in April-June 2023.
For the year ended March 2023, Natco Pharma reported 320.8% increase in net profit to Rs 7,153 million compared to net profit of Rs 1,700 million during FY22. Revenue of the company grew 39.2% to Rs 27,071 million during FY23.
The current Price to earnings ratio of Natco Pharma, based on rolling 12 month earnings, stands at 16.9.
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