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SYNCOM FORMULATIONS Plunges 5%; BSE HEALTHCARE Index Down 0.6%
Mon, 9 Sep 9:35

SYNCOM FORMULATIONS Plunges 5%; BSE HEALTHCARE Index Down 0.6%Image source: Ivcandy/www.istockphoto.com

SYNCOM FORMULATIONS share price has plunged 5% and is presently trading at Rs 21.9.

Meanwhile, the BSE HEALTHCARE index is at 43,216.4 (down 0.6%).

Among the top losers in the BSE HEALTHCARE index today are GRANULES INDIA (down 3.5%) and AJANTA PHARMA (down 2.5%).

ALEMBIC PHARMA (up 3.7%) and HIKAL CHEMIC (up 2.2%) are among the top gainers today.

Over the last one year, SYNCOM FORMULATIONS has moved up from Rs 8.8 to Rs 21.9, registering a gain of Rs 13.2 (up 150.5%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,163.1 to 43,216.4, registering a gain of 53.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 139.1%), Glenmark Pharma (up 115.6%) and GRANULES INDIA (up 113.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,914.4 (down 0.3%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.1%) and Tata Steel (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,755.7 (down 0.4%). ONGC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 80,914.4, registering a gain of 15,134.1 points (up 23.0%).

SYNCOM FORMULATIONS Financial Update...

SYNCOM FORMULATIONS net profit grew 73.6% YoY to Rs 76 million for the quarter ended June 2024, compared to a profit of Rs 44 million a year ago. Net sales rose 45.8% to Rs 873 million during the period as against Rs 598 million in April-June 2023.

For the year ended March 2023, SYNCOM FORMULATIONS reported 1.4% increase in net profit to Rs 201 million compared to net profit of Rs 198 million during FY22. Revenue of the company grew 2.1% to Rs 2,243 million during FY23.

The current Price to earnings ratio of SYNCOM FORMULATIONS, based on rolling 12 month earnings, stands at 72.2.


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