Panacea Biotech share price has zoomed 5% and is presently trading at Rs 286.7.
Meanwhile, the BSE HEALTHCARE index is at 44,338.6 (up 0.5%).
Among the top gainers in the BSE HEALTHCARE index today are Natco Pharma (up 2.8%) and Sun Pharma (up 2.4%).
GLAND PHARMA (down 3.6%) and NARAYANA HRUDAYALAYA (down 2.2%) are among the top losers today.
Over the last one year, Panacea Biotech has moved up from Rs 160.5 to Rs 286.7, registering a gain of Rs 126.2 (up 78.6%).
On the other hand, the BSE HEALTHCARE index has moved up from 27,800.9 to 44,338.6, registering a gain of 59.5% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 181.5%), SUVEN PHARMACEUTICALS (up 121.7%) and Glenmark Pharma (up 115.3%).
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The BSE Sensex is at 85,614.0 (down 0.3%).
The top losers among the BSE Sensex today are Power Grid Corp. (down 2.9%) and Bharti Airtel (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 26,201.9 (down 0.1%). Power Grid Corp. and Bharti Airtel are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,614.0, registering a gain of 19,590.3 points (up 29.7%).
Panacea Biotech net profit fell 244.6% YoY to Rs -159 million for the quarter ended June 2024, compared to a profit of Rs 110 million a year ago. Net sales declined 10.4% to Rs 1,157 million during the period as against Rs 1,292 million in April-June 2023.
For the year ended March 2023, Panacea Biotech reported 103.1% decrease in net profit to Rs -337 million compared to net profit of Rs 10,783 million during FY22. Revenue of the company fell 30.4% to Rs 4,599 million during FY23.
The current Price to earnings ratio of Panacea Biotech, based on rolling 12 month earnings, stands at -61.9.
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