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SUVEN PHARMACEUTICALS Gains 6%; BSE HEALTHCARE Index Up 0.4%
Thu, 27 Jun 11:4

SUVEN PHARMACEUTICALS Gains 6%; BSE HEALTHCARE Index Up 0.4%Image source: Sakorn BernardaSv/www.istockphoto.com

SUVEN PHARMACEUTICALS share price has zoomed 6% and is presently trading at Rs 766.9.

Meanwhile, the BSE HEALTHCARE index is at 36,823.7 (up 0.4%).

Among the top gainers in the BSE HEALTHCARE index today are MAX HEALTHCARE INSTITUTE (up 5.0%) and CAPLIN POINT (up 3.2%).

KIMS (down 1.9%) and POLY MEDICURE (down 1.7%) are among the top losers today.

Over the last one year, SUVEN PHARMACEUTICALS has moved up from Rs 488.2 to Rs 766.9, registering a gain of Rs 278.7 (up 57.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,266.1 to 36,823.7, registering a gain of 45.7% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Cadila Healthcare (up 90.0%), Glenmark Pharma (up 90.0%) and GSK Pharma (up 83.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,729.6 (up 0.1%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.3%) and JSW Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and M&M.

In the meantime, NSE Nifty is at 23,889.3 (up 0.1%). Ultratech Cement and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,729.6, registering a gain of 15,759.6 points (up 25.0%).

SUVEN PHARMACEUTICALS Financial Update...

SUVEN PHARMACEUTICALS net profit fell 56.9% YoY to Rs 534 million for the quarter ended March 2024, compared to a profit of Rs 1,240 million a year ago. Net sales declined 31.5% to Rs 2,529 million during the period as against Rs 3,694 million in January-March 2023.

For the year ended March 2023, SUVEN PHARMACEUTICALS reported 9.4% decrease in net profit to Rs 4,113 million compared to net profit of Rs 4,538 million during FY22. Revenue of the company grew 1.5% to Rs 13,403 million during FY23.

The current Price to earnings ratio of SUVEN PHARMACEUTICALS, based on rolling 12 month earnings, stands at 65.0.


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