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KOVAI MEDICAL Gains 5%; BSE HEALTHCARE Index Up 0.2%
Mon, 2 Sep 10:12

KOVAI MEDICAL Gains 5%; BSE HEALTHCARE Index Up 0.2%Image source: Sakorn BernardaSv/www.istockphoto.com

KOVAI MEDICAL share price has zoomed 5% and is presently trading at Rs 5,667.9.

Meanwhile, the BSE HEALTHCARE index is at 43,273.6 (up 0.2%).

Among the top gainers in the BSE HEALTHCARE index today are SUVEN PHARMACEUTICALS (up 5.9%) and Pfizer (up 4.4%).

Cadila Healthcare (down 1.2%) and LAURUS LABS (down 1.2%) are among the top losers today.

Over the last one year, KOVAI MEDICAL has moved up from Rs 2,719.1 to Rs 5,667.9, registering a gain of Rs 2,948.8 (up 108.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,815.8 to 43,273.6, registering a gain of 55.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 135.7%), Glenmark Pharma (up 127.8%) and SUVEN PHARMACEUTICALS (up 125.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,548.9 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 1.9%) and ITC (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,299.4 (up 0.3%). 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 65,075.8 to 82,548.9, registering a gain of 17,473.1 points (up 26.9%).

KOVAI MEDICAL Financial Update...

KOVAI MEDICAL net profit grew 47.4% YoY to Rs 458 million for the quarter ended June 2024, compared to a profit of Rs 311 million a year ago. Net sales rose 14.7% to Rs 3,151 million during the period as against Rs 2,746 million in April-June 2023.

For the year ended March 2024, KOVAI MEDICAL reported 55.3% increase in net profit to Rs 1,797 million compared to net profit of Rs 1,158 million during FY23. Revenue of the company grew 19.6% to Rs 12,196 million during FY24.

The current Price to earnings ratio of KOVAI MEDICAL, based on rolling 12 month earnings, stands at 31.9.


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