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SUVEN PHARMACEUTICALS Plunges 4%; BSE HEALTHCARE Index Up 0.1%
Tue, 24 Sep 14:39

SUVEN PHARMACEUTICALS Plunges 4%; BSE HEALTHCARE Index Up 0.1%Image source: CreativaImages/www.istockphoto.com

SUVEN PHARMACEUTICALS share price has plunged 4% and is presently trading at Rs 1,201.0.

Meanwhile, the BSE HEALTHCARE index is at 44,267.0 (up 0.1%).

Among the top losers in the BSE HEALTHCARE index today are ERIS LIFESCIENCES (down 2.0%) and Natco Pharma (down 1.8%).

ASTRAZENECA PHARMA (up 11.4%) and IPCA Labs (up 2.2%) are among the top gainers today.

Over the last one year, SUVEN PHARMACEUTICALS has moved up from Rs 542.9 to Rs 1,201.0, registering a gain of Rs 658.2 (up 121.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,349.9 to 44,267.0, registering a gain of 56.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 174.8%), SUVEN PHARMACEUTICALS (up 121.2%) and Glenmark Pharma (up 98.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,075.7 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Steel (up 4.9%) and Power Grid Corp. (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,973.6 (up 0.1%). Tata Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 85,075.7, registering a gain of 18,274.9 points (up 27.4%).

SUVEN PHARMACEUTICALS Financial Update...

SUVEN PHARMACEUTICALS net profit fell 49.6% YoY to Rs 608 million for the quarter ended June 2024, compared to a profit of Rs 1,206 million a year ago. Net sales declined 33.6% to Rs 2,307 million during the period as against Rs 3,476 million in April-June 2023.

For the year ended March 2024, SUVEN PHARMACEUTICALS reported 27.0% decrease in net profit to Rs 3,003 million compared to net profit of Rs 4,113 million during FY23. Revenue of the company fell 21.6% to Rs 10,514 million during FY24.

The current Price to earnings ratio of SUVEN PHARMACEUTICALS, based on rolling 12 month earnings, stands at 127.1.


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