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Sun Pharma Plunges 3%; BSE HEALTHCARE Index Down 1.2%
Mon, 4 Nov 9:41

Sun Pharma Plunges 3%; BSE HEALTHCARE Index Down 1.2%Image source: ThinkNeo/www.istockphoto.com

Sun Pharma share price has plunged 3% and is presently trading at Rs 1,794.3.

Meanwhile, the BSE HEALTHCARE index is at 43,691.3 (down 1.2%).

Among the top losers in the BSE HEALTHCARE index today are J.B.Chemicals (down 3.6%) and CAPLIN POINT (down 3.1%).

KIMS (up 2.3%) and MAX HEALTHCARE INSTITUTE (up 1.7%) are among the top gainers today.

Over the last one year, Sun Pharma has moved up from Rs 1,088.7 to Rs 1,794.3, registering a gain of Rs 705.6 (up 64.8%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,271.8 to 43,691.3, registering a gain of 60.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 230.2%), SUVEN PHARMACEUTICALS (up 125.4%) and Glenmark Pharma (up 122.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,952.1 (down 1.1%).

The top losers among the BSE Sensex today are Reliance Ind. (down 2.5%) and MUNDRA PORT & SEZ (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,080.8 (down 0.9%). Bajaj Auto and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,952.1, registering a gain of 15,077.1 points (up 23.6%).

Sun Pharma Financial Update...

Sun Pharma net profit grew 26.2% YoY to Rs 30,307 million for the quarter ended September 2024, compared to a profit of Rs 24,008 million a year ago. Net sales rose 9.0% to Rs 132,914 million during the period as against Rs 121,924 million in July-September 2023.

For the year ended March 2024, Sun Pharma reported 12.7% increase in net profit to Rs 96,484 million compared to net profit of Rs 85,608 million during FY23. Revenue of the company grew 10.5% to Rs 484,969 million during FY24.

The current Price to earnings ratio of Sun Pharma, based on rolling 12 month earnings, stands at 38.7.


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