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Unichem Lab Gains 5%; BSE HEALTHCARE Index Up 0.8%
Wed, 31 Jul 10:52

Unichem Lab Gains 5%; BSE HEALTHCARE Index Up 0.8%Image source: StarLineArts/www.istockphoto.com

Unichem Lab share price has zoomed 5% and is presently trading at Rs 568.5.

Meanwhile, the BSE HEALTHCARE index is at 40,491.0 (up 0.8%).

Among the top gainers in the BSE HEALTHCARE index today are SUVEN PHARMACEUTICALS (up 10.6%) and GRANULES INDIA (up 5.3%).

POLY MEDICURE (down 1.8%) and J.B.Chemicals (down 1.5%) are among the top losers today.

Over the last one year, Unichem Lab has moved up from Rs 395.1 to Rs 568.5, registering a gain of Rs 173.5 (up 43.9%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,736.5 to 40,491.0, registering a gain of 46.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 111.7%), Jubilant Pharmova (up 103.5%) and GSK Pharma (up 98.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,732.1 (up 0.3%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.7%) and JSW Steel (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,937.8 (up 0.3%). Asian Paints and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,732.1, registering a gain of 15,204.4 points (up 22.9%).

Unichem Lab Financial Update...

Unichem Lab net profit fell 192.1% YoY to Rs -1,293 million for the quarter ended March 2024, compared to a loss of Rs 443 million a year ago. Net sales rose 7.4% to Rs 4,317 million during the period as against Rs 4,021 million in January-March 2023.

For the year ended March 2024, Unichem Lab reported 65.2% increase in net profit to Rs -705 million compared to net loss of Rs 2,022 million during FY23. Revenue of the company grew 26.9% to Rs 17,049 million during FY24.

The current Price to earnings ratio of Unichem Lab, based on rolling 12 month earnings, stands at -56.8.


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