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GRANULES INDIA Plunges 3%; BSE HEALTHCARE Index Down 0.3%
Mon, 9 Sep 9:28

GRANULES INDIA Plunges 3%; BSE HEALTHCARE Index Down 0.3%Image source: CreativaImages/www.istockphoto.com

GRANULES INDIA share price has plunged 3% and is presently trading at Rs 664.1.

Meanwhile, the BSE HEALTHCARE index is at 43,328.7 (down 0.3%).

Among the top losers in the BSE HEALTHCARE index today are AJANTA PHARMA (down 2.1%) and MAX HEALTHCARE INSTITUTE (down 2.0%).

ALEMBIC PHARMA (up 4.8%) and HIKAL CHEMIC (up 2.7%) are among the top gainers today.

Over the last one year, GRANULES INDIA has moved up from Rs 311.3 to Rs 664.1, registering a gain of Rs 352.8 (up 113.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,163.1 to 43,328.7, registering a gain of 53.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 139.3%), Glenmark Pharma (up 116.8%) and GRANULES INDIA (up 113.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,079.0 (down 0.1%).

The top losers among the BSE Sensex today are Tata Steel (down 1.3%) and Power Grid Corp. (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,813.7 (down 0.2%). ONGC and Tata Steel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,079.0, registering a gain of 15,298.8 points (up 23.3%).

GRANULES INDIA Financial Update...

GRANULES INDIA net profit grew 181.1% YoY to Rs 1,346 million for the quarter ended June 2024, compared to a profit of Rs 479 million a year ago. Net sales rose 19.7% to Rs 11,799 million during the period as against Rs 9,855 million in April-June 2023.

For the year ended March 2024, GRANULES INDIA reported 21.5% decrease in net profit to Rs 4,053 million compared to net profit of Rs 5,166 million during FY23. Revenue of the company fell 0.1% to Rs 45,064 million during FY24.

The current Price to earnings ratio of GRANULES INDIA, based on rolling 12 month earnings, stands at 32.7.


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