SYNCOM FORMULATIONS share price has zoomed 9% and is presently trading at Rs 17.7.
Meanwhile, the BSE HEALTHCARE index is at 41,920.4 (up 0.7%).
Among the top gainers in the BSE HEALTHCARE index today are Divis Laboratories (up 3.2%) and ALEMBIC PHARMA (up 3.1%).
Aurobindo Pharma (down 1.2%) and MAX HEALTHCARE INSTITUTE (down 0.5%) are among the top losers today.
Over the last one year, SYNCOM FORMULATIONS has moved up from Rs 8.4 to Rs 17.7, registering a gain of Rs 9.3 (up 110.7%).
On the other hand, the BSE HEALTHCARE index has moved up from 28,021.8 to 41,920.4, registering a gain of 49.6% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 128.3%), Glenmark Pharma (up 114.1%) and GSK Pharma (up 110.6%).
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The BSE Sensex is at 80,708.4 (down 0.1%).
The top losers among the BSE Sensex today are Ultratech Cement (down 1.9%) and ICICI Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,697.8 . Ultratech Cement and ICICI Bank are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,708.4, registering a gain of 15,492.3 points (up 23.8%).
SYNCOM FORMULATIONS net profit grew 73.6% YoY to Rs 76 million for the quarter ended June 2024, compared to a profit of Rs 44 million a year ago. Net sales rose 45.8% to Rs 873 million during the period as against Rs 598 million in April-June 2023.
For the year ended March 2023, SYNCOM FORMULATIONS reported 1.4% increase in net profit to Rs 201 million compared to net profit of Rs 198 million during FY22. Revenue of the company grew 2.1% to Rs 2,243 million during FY23.
The current Price to earnings ratio of SYNCOM FORMULATIONS, based on rolling 12 month earnings, stands at 58.2.
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