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KOVAI MEDICAL Plunges 4%; BSE HEALTHCARE Index Down 0.3%
Thu, 20 Jun 13:14

KOVAI MEDICAL share price has plunged 4% and is presently trading at Rs 4,099.9.

Meanwhile, the BSE HEALTHCARE index is at 36,734.2 (down 0.3%).

Among the top losers in the BSE HEALTHCARE index today are SUVEN PHARMACEUTICALS (down 3.0%) and Sanofi India (down 2.1%).

HIKAL CHEMIC (up 3.4%) and Biocon (up 2.5%) are among the top gainers today.

Over the last one year, KOVAI MEDICAL has moved up from Rs 2,209.2 to Rs 4,099.9, registering a gain of Rs 1,890.7 (up 85.6%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,118.0 to 36,734.2, registering a gain of 46.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Cadila Healthcare (up 95.0%), Glenmark Pharma (up 94.7%) and Lupin (up 88.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,461.9 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.3%) and Reliance Ind. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,562.6 (up 0.2%). Hindalco and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,461.9, registering a gain of 14,293.6 points (up 22.6%).

KOVAI MEDICAL Financial Update...

KOVAI MEDICAL net profit grew 70.8% YoY to Rs 522 million for the quarter ended March 2024, compared to a profit of Rs 306 million a year ago. Net sales rose 20.3% to Rs 3,211 million during the period as against Rs 2,670 million in January-March 2023.

For the year ended March 2023, KOVAI MEDICAL reported 11.0% increase in net profit to Rs 1,158 million compared to net profit of Rs 1,043 million during FY22. Revenue of the company grew 12.6% to Rs 10,197 million during FY23.

The current Price to earnings ratio of KOVAI MEDICAL, based on rolling 12 month earnings, stands at 25.0.

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