SYNCOM FORMULATIONS share price has zoomed 7% and is presently trading at Rs 17.2.
Meanwhile, the BSE HEALTHCARE index is at 38,775.0 .
Among the top gainers in the BSE HEALTHCARE index today are ALEMBIC PHARMA (up 3.4%) and GSK Pharma (up 3.1%).
MAX HEALTHCARE INSTITUTE (down 1.1%) and Dr. Reddys (down 0.8%) are among the top losers today.
Over the last one year, SYNCOM FORMULATIONS has moved up from Rs 7.3 to Rs 17.2, registering a gain of Rs 9.9 (up 136.5%).
On the other hand, the BSE HEALTHCARE index has moved up from 26,286.8 to 38,775.0, registering a gain of 47.5% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 109.2%), Cadila Healthcare (up 100.2%) and Lupin (up 94.0%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 80,777.1 (up 0.1%).
The top gainers among the BSE Sensex today are Bharti Airtel (up 1.2%) and Maruti Suzuki (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,777.1, registering a gain of 15,383.2 points (up 23.5%).
SYNCOM FORMULATIONS net profit fell 12.6% YoY to Rs 74 million for the quarter ended March 2024, compared to a profit of Rs 85 million a year ago. Net sales rose 22.3% to Rs 746 million during the period as against Rs 610 million in January-March 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 63.8.
Equitymaster requests your view! Post a comment on "SYNCOM FORMULATIONS Gains 7%; BSE HEALTHCARE Index Down 0.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!