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LAURUS LABS Plunges 4%; BSE HEALTHCARE Index Down 0.6%
Thu, 19 Sep 13:34

LAURUS LABS Plunges 4%; BSE HEALTHCARE Index Down 0.6%Image source: StarLineArts/www.istockphoto.com

LAURUS LABS share price has plunged 4% and is presently trading at Rs 465.7.

Meanwhile, the BSE HEALTHCARE index is at 43,483.6 (down 0.6%).

Among the top losers in the BSE HEALTHCARE index today are FDC (down 4.5%) and ALEMBIC PHARMA (down 4.2%).

SUVEN PHARMACEUTICALS (up 4.1%) and AJANTA PHARMA (up 2.2%) are among the top gainers today.

Over the last one year, LAURUS LABS has moved up from Rs 393.6 to Rs 465.7, registering a gain of Rs 72.1 (up 18.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,508.7 to 43,483.6, registering a gain of 52.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 164.3%), SUVEN PHARMACEUTICALS (up 115.2%) and Glenmark Pharma (up 91.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,168.7 (up 0.3%).

The top gainers among the BSE Sensex today are NTPC (up 2.7%) and Nestle (up 2.1%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,411.4 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,168.7, registering a gain of 15,571.8 points (up 23.0%).

LAURUS LABS Financial Update...

LAURUS LABS net profit fell 57.0% YoY to Rs 122 million for the quarter ended June 2024, compared to a profit of Rs 284 million a year ago. Net sales rose 1.1% to Rs 11,949 million during the period as against Rs 11,818 million in April-June 2023.

For the year ended March 2024, LAURUS LABS reported 78.9% decrease in net profit to Rs 1,682 million compared to net profit of Rs 7,966 million during FY23. Revenue of the company fell 16.6% to Rs 50,408 million during FY24.

The current Price to earnings ratio of LAURUS LABS , based on rolling 12 month earnings, stands at 165.2.

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