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SUVEN PHARMACEUTICALS Gains 5%; BSE HEALTHCARE Index Down 0.3%
Tue, 30 Jul 16:12

SUVEN PHARMACEUTICALS Gains 5%; BSE HEALTHCARE Index Down 0.3%Image source: Chunumunu/www.istockphoto.com

SUVEN PHARMACEUTICALS share price has zoomed 5% and is presently trading at Rs 944.2.

Meanwhile, the BSE HEALTHCARE index is at 40,152.3 (down 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are GRANULES INDIA (up 4.3%) and AJANTA PHARMA (up 4.0%).

ALEMBIC PHARMA (down 5.0%) and Torrent Pharma (down 2.4%) are among the top losers today.

Over the last one year, SUVEN PHARMACEUTICALS has moved up from Rs 489.9 to Rs 944.2, registering a gain of Rs 454.3 (up 92.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 26,979.9 to 40,152.3, registering a gain of 48.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 101.2%), Lupin (up 97.2%) and Cadila Healthcare (up 96.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,411.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 3.4%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,840.9 . Tata Motors and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,411.0, registering a gain of 14,703.8 points (up 22.0%).

SUVEN PHARMACEUTICALS Financial Update...

SUVEN PHARMACEUTICALS net profit fell 56.9% YoY to Rs 534 million for the quarter ended March 2024, compared to a profit of Rs 1,240 million a year ago. Net sales declined 31.5% to Rs 2,529 million during the period as against Rs 3,694 million in January-March 2023.

For the year ended March 2024, SUVEN PHARMACEUTICALS reported 27.0% decrease in net profit to Rs 3,003 million compared to net profit of Rs 4,113 million during FY23. Revenue of the company fell 21.6% to Rs 10,514 million during FY24.

The current Price to earnings ratio of SUVEN PHARMACEUTICALS, based on rolling 12 month earnings, stands at 80.0.


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