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KOVAI MEDICAL Gains 6%; BSE HEALTHCARE Index Up 0.4%
Tue, 13 Aug 9:36

KOVAI MEDICAL Gains 6%; BSE HEALTHCARE Index Up 0.4%Image source: Sefa Ozel/www.istockphoto.com

KOVAI MEDICAL share price has zoomed 6% and is presently trading at Rs 5,070.1.

Meanwhile, the BSE HEALTHCARE index is at 41,202.2 (up 0.4%).

Among the top gainers in the BSE HEALTHCARE index today are ASTRAZENECA PHARMA (up 3.7%) and FORTIS HEALTHCARE (up 2.3%).

ERIS LIFESCIENCES (down 2.4%) and KIMS (down 1.8%) are among the top losers today.

Over the last one year, KOVAI MEDICAL has moved up from Rs 2,609.3 to Rs 5,070.1, registering a gain of Rs 2,460.8 (up 94.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,485.8 to 41,202.2, registering a gain of 44.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 112.8%), Jubilant Pharmova (up 111.5%) and SUVEN PHARMACEUTICALS (up 106.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,565.5 (down 0.1%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.4%) and Tata Motors (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,320.4 (down 0.1%). HDFC Bank and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,565.5, registering a gain of 13,569.7 points (up 20.6%).

KOVAI MEDICAL Financial Update...

KOVAI MEDICAL net profit grew 47.4% YoY to Rs 458 million for the quarter ended June 2024, compared to a profit of Rs 311 million a year ago. Net sales rose 14.7% to Rs 3,151 million during the period as against Rs 2,746 million in April-June 2023.

For the year ended March 2024, KOVAI MEDICAL reported 55.3% increase in net profit to Rs 1,797 million compared to net profit of Rs 1,158 million during FY23. Revenue of the company grew 19.6% to Rs 12,196 million during FY24.

The current Price to earnings ratio of KOVAI MEDICAL, based on rolling 12 month earnings, stands at 28.5.


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