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SUVEN PHARMACEUTICALS Gains 7%; BSE HEALTHCARE Index Up 0.2%
Mon, 2 Sep 10:11

SUVEN PHARMACEUTICALS Gains 7%; BSE HEALTHCARE Index Up 0.2%Image source: Nikada/www.istockphoto.com

SUVEN PHARMACEUTICALS share price has zoomed 7% and is presently trading at Rs 1,142.3.

Meanwhile, the BSE HEALTHCARE index is at 43,283.1 (up 0.2%).

Among the top gainers in the BSE HEALTHCARE index today are Pfizer (up 4.4%) and FORTIS HEALTHCARE (up 2.0%).

Dr. Reddys (down 1.1%) and Cadila Healthcare (down 1.1%) are among the top losers today.

Over the last one year, SUVEN PHARMACEUTICALS has moved up from Rs 507.6 to Rs 1,142.3, registering a gain of Rs 634.7 (up 125.0%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,815.8 to 43,283.1, registering a gain of 55.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 135.7%), Glenmark Pharma (up 127.6%) and SUVEN PHARMACEUTICALS (up 125.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,554.4 (up 0.2%).

The top gainers among the BSE Sensex today are ITC (up 2.1%) and Bajaj Finserv (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,299.4 (up 0.3%). Bajaj Finserv and Bajaj Finance are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,554.4, registering a gain of 17,478.6 points (up 26.9%).

SUVEN PHARMACEUTICALS Financial Update...

SUVEN PHARMACEUTICALS net profit fell 49.6% YoY to Rs 608 million for the quarter ended June 2024, compared to a profit of Rs 1,206 million a year ago. Net sales declined 33.6% to Rs 2,307 million during the period as against Rs 3,476 million in April-June 2023.

For the year ended March 2024, SUVEN PHARMACEUTICALS reported 27.0% decrease in net profit to Rs 3,003 million compared to net profit of Rs 4,113 million during FY23. Revenue of the company fell 21.6% to Rs 10,514 million during FY24.

The current Price to earnings ratio of SUVEN PHARMACEUTICALS, based on rolling 12 month earnings, stands at 120.9.


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