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HESTER PHARM Plunges 5%; BSE HEALTHCARE Index Down 0.3%
Mon, 7 Oct 10:34

HESTER PHARM Plunges 5%; BSE HEALTHCARE Index Down 0.3%Image source: phive2015/www.istockphoto.com

HESTER PHARM share price has plunged 5% and is presently trading at Rs 2,223.4.

Meanwhile, the BSE HEALTHCARE index is at 43,427.9 (down 0.3%).

Among the top losers in the BSE HEALTHCARE index today are ALEMBIC PHARMA (down 5.0%) and GSK Pharma (down 4.0%).

ASTRAZENECA PHARMA (up 7.8%) and Natco Pharma (up 3.8%) are among the top gainers today.

Over the last one year, HESTER PHARM has moved up from Rs 1,652.1 to Rs 2,223.4, registering a gain of Rs 571.3 (up 34.6%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,428.9 to 43,427.9, registering a gain of 52.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 147.0%), SUVEN PHARMACEUTICALS (up 105.5%) and Glenmark Pharma (up 99.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,860.9 (up 0.2%).

The top gainers among the BSE Sensex today are ITC (up 1.6%) and ICICI Bank (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,020.7 . ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,860.9, registering a gain of 16,348.8 points (up 25.0%).

HESTER PHARM Financial Update...

HESTER PHARM net profit grew 24.1% YoY to Rs 66 million for the quarter ended June 2024, compared to a profit of Rs 53 million a year ago. Net sales declined 6.4% to Rs 823 million during the period as against Rs 879 million in April-June 2023.

For the year ended March 2024, HESTER PHARM reported 24.5% decrease in net profit to Rs 212 million compared to net profit of Rs 280 million during FY23. Revenue of the company grew 14.5% to Rs 3,045 million during FY24.

The current Price to earnings ratio of HESTER PHARM, based on rolling 12 month earnings, stands at 106.0.


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