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MOREPEN LABS Gains 6%; BSE HEALTHCARE Index Up 0.5%
Tue, 24 Sep 9:45

MOREPEN LABS Gains 6%; BSE HEALTHCARE Index Up 0.5%Image source: Eoneren/www.istockphoto.com

MOREPEN LABS share price has zoomed 6% and is presently trading at Rs 90.8.

Meanwhile, the BSE HEALTHCARE index is at 44,459.9 (up 0.5%).

Among the top gainers in the BSE HEALTHCARE index today are ASTRAZENECA PHARMA (up 10.3%) and MAX HEALTHCARE INSTITUTE (up 4.4%).

LAURUS LABS (down 1.1%) and ALEMBIC PHARMA (down 1.1%) are among the top losers today.

Over the last one year, MOREPEN LABS has moved up from Rs 36.7 to Rs 90.8, registering a gain of Rs 54.1 (up 147.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,349.9 to 44,459.9, registering a gain of 56.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 177.9%), SUVEN PHARMACEUTICALS (up 128.8%) and Glenmark Pharma (up 99.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,916.7 .

The top losers among the BSE Sensex today are Bajaj Finance (down 1.4%) and Hindustan Unilever (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,936.8 . Bajaj Finance and Hindustan Unilever are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,916.7, registering a gain of 18,115.8 points (up 27.1%).

MOREPEN LABS Financial Update...

MOREPEN LABS net profit grew 147.2% YoY to Rs 362 million for the quarter ended June 2024, compared to a profit of Rs 146 million a year ago. Net sales rose 13.5% to Rs 4,552 million during the period as against Rs 4,010 million in April-June 2023.

For the year ended March 2024, MOREPEN LABS reported 149.8% increase in net profit to Rs 966 million compared to net profit of Rs 387 million during FY23. Revenue of the company grew 19.3% to Rs 16,904 million during FY24.

The current Price to earnings ratio of MOREPEN LABS, based on rolling 12 month earnings, stands at 42.1.


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