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THYROCARE TECHNOLOGIES Gains 4%; BSE HEALTHCARE Index Up 0.1%
Wed, 16 Oct 9:40

THYROCARE TECHNOLOGIES Gains 4%; BSE HEALTHCARE Index Up 0.1%Image source: asbe/www.istockphoto.com

THYROCARE TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 860.0.

Meanwhile, the BSE HEALTHCARE index is at 44,785.5 (up 0.1%).

Among the top gainers in the BSE HEALTHCARE index today are HIKAL CHEMIC (up 3.4%) and ALEMBIC PHARMA (up 2.5%).

POLY MEDICURE (down 2.1%) and IPCA Labs (down 1.5%) are among the top losers today.

Over the last one year, THYROCARE TECHNOLOGIES has moved up from Rs 570.3 to Rs 860.0, registering a gain of Rs 289.8 (up 50.8%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,166.2 to 44,785.5, registering a gain of 59.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 198.7%), Glenmark Pharma (up 124.7%) and SUVEN PHARMACEUTICALS (up 107.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,755.5 (down 0.1%).

The top losers among the BSE Sensex today are M&M (down 1.6%) and Nestle (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,068.5 . HDFC LIFE INSURANCE and IOC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,755.5, registering a gain of 15,588.5 points (up 23.6%).

THYROCARE TECHNOLOGIES Financial Update...

THYROCARE TECHNOLOGIES net profit grew 41.9% YoY to Rs 243 million for the quarter ended June 2024, compared to a profit of Rs 171 million a year ago. Net sales rose 16.3% to Rs 1,569 million during the period as against Rs 1,349 million in April-June 2023.

For the year ended March 2024, THYROCARE TECHNOLOGIES reported 8.0% increase in net profit to Rs 695 million compared to net profit of Rs 644 million during FY23. Revenue of the company grew 8.6% to Rs 5,719 million during FY24.

The current Price to earnings ratio of THYROCARE TECHNOLOGIES, based on rolling 12 month earnings, stands at 59.7.


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