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NEULAND LABS Gains 5%; BSE HEALTHCARE Index Down 0.8%
Mon, 5 Aug 9:51

NEULAND LABS Gains 5%; BSE HEALTHCARE Index Down 0.8%Image source: hudiemm/www.istockphoto.com

NEULAND LABS share price has zoomed 5% and is presently trading at Rs 11,297.9.

Meanwhile, the BSE HEALTHCARE index is at 40,494.2 (down 0.8%).

Among the top gainers in the BSE HEALTHCARE index today are Sun Pharma (up 1.1%) and IPCA Labs (up 0.4%).

HIKAL CHEMIC (down 3.5%) and CAPLIN POINT (down 3.2%) are among the top losers today.

Over the last one year, NEULAND LABS has moved up from Rs 3,484.3 to Rs 11,297.9, registering a gain of Rs 7,813.7 (up 224.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,644.7 to 40,494.2, registering a gain of 46.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 127.8%), SUVEN PHARMACEUTICALS (up 100.3%) and GSK Pharma (up 98.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,486.0 (down 1.8%).

The top losers among the BSE Sensex today are Tata Motors (down 4.3%) and Tata Steel (down 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.9 (down 1.8%). Tata Motors and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,486.0, registering a gain of 13,026.7 points (up 19.6%).

NEULAND LABS Financial Update...

NEULAND LABS net profit grew 58.2% YoY to Rs 979 million for the quarter ended June 2024, compared to a profit of Rs 619 million a year ago. Net sales rose 21.1% to Rs 4,396 million during the period as against Rs 3,630 million in April-June 2023.

For the year ended March 2024, NEULAND LABS reported 83.5% increase in net profit to Rs 3,001 million compared to net profit of Rs 1,635 million during FY23. Revenue of the company grew 30.8% to Rs 15,586 million during FY24.

The current Price to earnings ratio of NEULAND LABS, based on rolling 12 month earnings, stands at 43.1.


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