MOREPEN LABS share price has zoomed 13% and is presently trading at Rs 78.3.
Meanwhile, the BSE HEALTHCARE index is at 42,085.2 (up 0.2%).
Among the top gainers in the BSE HEALTHCARE index today are AARTI DRUGS (up 7.6%) and Natco Pharma (up 5.1%).
GSK Pharma (down 4.3%) and Procter & Gamble Health (down 2.6%) are among the top losers today.
Over the last one year, MOREPEN LABS has moved up from Rs 37.1 to Rs 78.3, registering a gain of Rs 41.3 (up 111.4%).
On the other hand, the BSE HEALTHCARE index has moved up from 28,021.8 to 42,085.2, registering a gain of 50.2% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 130.0%), Glenmark Pharma (up 116.4%) and GSK Pharma (up 108.8%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 81,070.5 (up 0.2%).
The top gainers among the BSE Sensex today are Bharti Airtel (up 1.7%) and Tata Steel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.
In the meantime, NSE Nifty is at 24,826.3 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,070.5, registering a gain of 15,854.4 points (up 24.3%).
MOREPEN LABS net profit grew 147.2% YoY to Rs 362 million for the quarter ended June 2024, compared to a profit of Rs 146 million a year ago. Net sales rose 13.5% to Rs 4,552 million during the period as against Rs 4,010 million in April-June 2023.
For the year ended March 2023, MOREPEN LABS reported 62.0% decrease in net profit to Rs 387 million compared to net profit of Rs 1,017 million during FY22. Revenue of the company fell 8.4% to Rs 14,175 million during FY23.
The current Price to earnings ratio of MOREPEN LABS, based on rolling 12 month earnings, stands at 36.3.
Equitymaster requests your view! Post a comment on "MOREPEN LABS Gains 13%; BSE HEALTHCARE Index Up 0.2%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!