SYNCOM FORMULATIONS share price has zoomed 16% and is presently trading at Rs 26.9.
Meanwhile, the BSE HEALTHCARE index is at 43,305.0 (down 0.4%).
Among the top gainers in the BSE HEALTHCARE index today are Jubilant Pharmova (up 8.4%) and HIKAL CHEMIC (up 7.1%).
GRANULES INDIA (down 3.5%) and MAX HEALTHCARE INSTITUTE (down 2.2%) are among the top losers today.
Over the last one year, SYNCOM FORMULATIONS has moved up from Rs 8.8 to Rs 26.9, registering a gain of Rs 18.2 (up 207.5%).
On the other hand, the BSE HEALTHCARE index has moved up from 28,163.1 to 43,305.0, registering a gain of 53.8% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 133.1%), Jubilant Pharmova (up 123.0%) and Glenmark Pharma (up 114.4%).
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The BSE Sensex is at 81,231.1 (up 0.1%).
The top gainers among the BSE Sensex today are Hindustan Unilever (up 1.7%) and ICICI Bank (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.
In the meantime, NSE Nifty is at 24,852.0 . ONGC and Hindalco are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,231.1, registering a gain of 15,450.8 points (up 23.5%).
SYNCOM FORMULATIONS net profit grew 73.6% YoY to Rs 76 million for the quarter ended June 2024, compared to a profit of Rs 44 million a year ago. Net sales rose 45.8% to Rs 873 million during the period as against Rs 598 million in April-June 2023.
For the year ended March 2023, SYNCOM FORMULATIONS reported 1.4% increase in net profit to Rs 201 million compared to net profit of Rs 198 million during FY22. Revenue of the company grew 2.1% to Rs 2,243 million during FY23.
The current Price to earnings ratio of SYNCOM FORMULATIONS, based on rolling 12 month earnings, stands at 88.7.
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