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CORAL LAB. Gains 6%; BSE HEALTHCARE Index Down 0.1%
Mon, 14 Oct 11:25

CORAL LAB. Gains 6%; BSE HEALTHCARE Index Down 0.1%Image source: DNY59/www.istockphoto.com

CORAL LAB. share price has zoomed 6% and is presently trading at Rs 928.0.

Meanwhile, the BSE HEALTHCARE index is at 44,400.2 (down 0.1%).

Among the top gainers in the BSE HEALTHCARE index today are HIKAL CHEMIC (up 5.6%) and POLY MEDICURE (up 4.4%).

ALEMBIC PHARMA (down 4.2%) and DR. LAL PATHLABS (down 2.9%) are among the top losers today.

Over the last one year, CORAL LAB. has moved up from Rs 277.9 to Rs 928.0, registering a gain of Rs 650.2 (up 234.0%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,004.5 to 44,400.2, registering a gain of 58.5% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 173.4%), Glenmark Pharma (up 129.6%) and SUVEN PHARMACEUTICALS (up 112.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,917.3 (up 0.7%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.0%) and Tech Mahindra (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,113.7 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,917.3, registering a gain of 15,838.0 points (up 24.0%).

CORAL LAB. Financial Update...

CORAL LAB. net profit grew 378.0% YoY to Rs 88 million for the quarter ended June 2024, compared to a profit of Rs 18 million a year ago. Net sales rose 133.7% to Rs 317 million during the period as against Rs 135 million in April-June 2023.

For the year ended March 2023, CORAL LAB. reported 28.7% decrease in net profit to Rs 64 million compared to net profit of Rs 90 million during FY22. Revenue of the company grew 3.3% to Rs 781 million during FY23.

The current Price to earnings ratio of CORAL LAB., based on rolling 12 month earnings, stands at 14.6.

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