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AMI ORGANICS Gains 9%; BSE HEALTHCARE Index Down 1.0%
Tue, 29 Oct 12:40

AMI ORGANICS Gains 9%; BSE HEALTHCARE Index Down 1.0%Image source: StarLineArts/www.istockphoto.com

AMI ORGANICS share price has zoomed 9% and is presently trading at Rs 1,751.3.

Meanwhile, the BSE HEALTHCARE index is at 42,991.0 (down 1.0%).

Among the top gainers in the BSE HEALTHCARE index today are CAPLIN POINT (up 2.5%) and MAX HEALTHCARE INSTITUTE (up 2.1%).

Glenmark Pharma (down 3.4%) and Dr. Reddys (down 3.4%) are among the top losers today.

Over the last one year, AMI ORGANICS has moved up from Rs 1,096.3 to Rs 1,751.3, registering a gain of Rs 655.0 (up 59.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,318.2 to 42,991.0, registering a gain of 57.4% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 227.5%), Glenmark Pharma (up 120.4%) and SUVEN PHARMACEUTICALS (up 118.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,871.9 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and Maruti Suzuki (down 2.3%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,287.7 (down 0.2%). Tata Motors and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,871.9, registering a gain of 15,822.8 points (up 24.7%).

AMI ORGANICS Financial Update...

AMI ORGANICS net profit fell 33.9% YoY to Rs 147 million for the quarter ended June 2024, compared to a profit of Rs 222 million a year ago. Net sales rose 14.9% to Rs 1,767 million during the period as against Rs 1,537 million in April-June 2023.

For the year ended March 2024, AMI ORGANICS reported 41.5% decrease in net profit to Rs 487 million compared to net profit of Rs 833 million during FY23. Revenue of the company grew 16.3% to Rs 7,175 million during FY24.

The current Price to earnings ratio of AMI ORGANICS, based on rolling 12 month earnings, stands at 174.2.


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