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SUVEN PHARMACEUTICALS Gains 5%; BSE HEALTHCARE Index Up 0.8%
Wed, 21 Aug 13:49

SUVEN PHARMACEUTICALS Gains 5%; BSE HEALTHCARE Index Up 0.8%Image source: phive2015/www.istockphoto.com

SUVEN PHARMACEUTICALS share price has zoomed 5% and is presently trading at Rs 1,023.6.

Meanwhile, the BSE HEALTHCARE index is at 41,934.7 (up 0.8%).

Among the top gainers in the BSE HEALTHCARE index today are GSK Pharma (up 4.3%) and NARAYANA HRUDAYALAYA (up 3.9%).

Aurobindo Pharma (down 2.1%) and POLY MEDICURE (down 0.9%) are among the top losers today.

Over the last one year, SUVEN PHARMACEUTICALS has moved up from Rs 524.4 to Rs 1,023.6, registering a gain of Rs 499.2 (up 95.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,021.8 to 41,934.7, registering a gain of 49.7% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 129.5%), Glenmark Pharma (up 115.9%) and GSK Pharma (up 115.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,748.8 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.6%) and Tata Steel (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,724.2 (up 0.1%). Divis Laboratories and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,748.8, registering a gain of 15,532.7 points (up 23.8%).

SUVEN PHARMACEUTICALS Financial Update...

SUVEN PHARMACEUTICALS net profit fell 49.6% YoY to Rs 608 million for the quarter ended June 2024, compared to a profit of Rs 1,206 million a year ago. Net sales declined 33.6% to Rs 2,307 million during the period as against Rs 3,476 million in April-June 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 108.4.


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