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LYKA LABS Gains 6%; BSE HEALTHCARE Index Down 0.3%
Thu, 29 Aug 13:54

LYKA LABS Gains 6%; BSE HEALTHCARE Index Down 0.3%Image source: StarLineArts/www.istockphoto.com

LYKA LABS share price has zoomed 6% and is presently trading at Rs 151.1.

Meanwhile, the BSE HEALTHCARE index is at 42,610.9 (down 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are AJANTA PHARMA (up 2.3%) and ERIS LIFESCIENCES (up 1.8%).

Natco Pharma (down 2.7%) and CAPLIN POINT (down 2.2%) are among the top losers today.

Over the last one year, LYKA LABS has moved up from Rs 117.3 to Rs 151.1, registering a gain of Rs 33.9 (up 28.9%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,859.6 to 42,610.9, registering a gain of 52.9% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 134.8%), Glenmark Pharma (up 120.9%) and SUVEN PHARMACEUTICALS (up 106.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,201.6 (up 0.5%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 2.8%) and Bajaj Finserv (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 25,140.1 (up 0.4%). Bajaj Finserv and Bajaj Finance are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 82,201.6, registering a gain of 17,205.0 points (up 26.5%).

LYKA LABS Financial Update...

LYKA LABS net profit grew 166.8% YoY to Rs 13 million for the quarter ended June 2024, compared to a loss of Rs 19 million a year ago. Net sales rose 31.6% to Rs 301 million during the period as against Rs 229 million in April-June 2023.

For the year ended March 2024, LYKA LABS reported 80.1% increase in net profit to Rs -26 million compared to net loss of Rs 132 million during FY23. Revenue of the company grew 19.5% to Rs 1,112 million during FY24.

The current Price to earnings ratio of LYKA LABS, based on rolling 12 month earnings, stands at 898.9.


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