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SUVEN PHARMACEUTICALS Plunges 3%; BSE HEALTHCARE Index Up 0.1%
Mon, 29 Jul 14:59

SUVEN PHARMACEUTICALS Plunges 3%; BSE HEALTHCARE Index Up 0.1%Image source: peterschreiber.media/www.istockphoto.com

SUVEN PHARMACEUTICALS share price has plunged 3% and is presently trading at Rs 894.3.

Meanwhile, the BSE HEALTHCARE index is at 40,216.8 (up 0.1%).

Among the top losers in the BSE HEALTHCARE index today are AARTI DRUGS (down 3.7%) and FORTIS HEALTHCARE (down 2.4%).

FDC (up 5.9%) and ASTER DM HEALTHCARE (up 2.9%) are among the top gainers today.

Over the last one year, SUVEN PHARMACEUTICALS has moved up from Rs 485.8 to Rs 894.3, registering a gain of Rs 408.5 (up 84.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 26,901.6 to 40,216.8, registering a gain of 49.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Cadila Healthcare (up 98.7%), Lupin (up 98.4%) and Jubilant Pharmova (up 96.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,373.6 (up 0.1%).

The top gainers among the BSE Sensex today are L&T (up 2.7%) and Bajaj Finserv (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,857.0 (up 0.1%). BPCL and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,373.6, registering a gain of 15,017.9 points (up 22.6%).

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 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 75.8.


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