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Panacea Biotech Gains 5%; BSE HEALTHCARE Index Up 0.3%
Fri, 6 Sep 9:34

Panacea Biotech Gains 5%; BSE HEALTHCARE Index Up 0.3%Image source: StarLineArts/www.istockphoto.com

Panacea Biotech share price has zoomed 5% and is presently trading at Rs 248.5.

Meanwhile, the BSE HEALTHCARE index is at 43,710.8 (up 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are ASTRAZENECA PHARMA (up 3.5%) and ERIS LIFESCIENCES (up 3.1%).

KIMS (down 1.1%) and CAPLIN POINT (down 1.1%) are among the top losers today.

Over the last one year, Panacea Biotech has moved up from Rs 134.8 to Rs 248.5, registering a gain of Rs 113.8 (up 84.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,804.5 to 43,710.8, registering a gain of 57.2% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 132.0%), GRANULES INDIA (up 131.0%) and Glenmark Pharma (up 125.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,984.0 (down 0.3%).

The top losers among the BSE Sensex today are SBI (down 1.3%) and Ultratech Cement (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,138.0 . SBI and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,628.1 to 81,984.0, registering a gain of 16,355.8 points (up 24.9%).

Panacea Biotech Financial Update...

Panacea Biotech net profit fell 244.6% YoY to Rs -159 million for the quarter ended June 2024, compared to a profit of Rs 110 million a year ago. Net sales declined 10.4% to Rs 1,157 million during the period as against Rs 1,292 million in April-June 2023.

For the year ended March 2023, Panacea Biotech reported 103.1% decrease in net profit to Rs -337 million compared to net profit of Rs 10,783 million during FY22. Revenue of the company fell 30.4% to Rs 4,599 million during FY23.

The current Price to earnings ratio of Panacea Biotech, based on rolling 12 month earnings, stands at -53.7.


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