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GRANULES INDIA Plunges 12%; BSE HEALTHCARE Index Up 0.9%
Thu, 12 Sep 12:10

GRANULES INDIA Plunges 12%; BSE HEALTHCARE Index Up 0.9%Image source: phive2015/www.istockphoto.com

GRANULES INDIA share price has plunged 12% and is presently trading at Rs 595.3.

Meanwhile, the BSE HEALTHCARE index is at 44,192.4 (up 0.9%).

Among the top losers in the BSE HEALTHCARE index today are POLY MEDICURE (down 0.7%) and AARTI DRUGS (down 0.7%).

FDC (up 10.2%) and MAX HEALTHCARE INSTITUTE (up 4.4%) are among the top gainers today.

Over the last one year, GRANULES INDIA has moved up from Rs 314.0 to Rs 595.3, registering a gain of Rs 281.3 (up 89.6%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,436.8 to 44,192.4, registering a gain of 55.4% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 130.9%), SUVEN PHARMACEUTICALS (up 129.6%) and Glenmark Pharma (up 114.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,712.0 (up 0.2%).

The top gainers among the BSE Sensex today are Kotak Bank (up 1.5%) and M&M (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,997.1 (up 0.3%). Bajaj Auto and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,712.0, registering a gain of 14,585.0 points (up 21.7%).

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 29.3.


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