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MEDICO REMEDIES Plunges 6%; BSE HEALTHCARE Index Down 1.2%
Mon, 4 Nov 13:13

MEDICO REMEDIES  Plunges 6%; BSE HEALTHCARE Index Down 1.2%Image source: bluebay2014/www.istockphoto.com

MEDICO REMEDIES share price has plunged 6% and is presently trading at Rs 57.6.

Meanwhile, the BSE HEALTHCARE index is at 43,672.0 (down 1.2%).

Among the top losers in the BSE HEALTHCARE index today are GSK Pharma (down 4.3%) and J.B.Chemicals (down 4.2%).

KIMS (up 2.3%) and Cipla (up 1.3%) are among the top gainers today.

Over the last one year, MEDICO REMEDIES has moved down from Rs 75.0 to Rs 57.6, registering a loss of Rs 17.4 (down 23.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,271.8 to 43,672.0, registering a gain of 60.1% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 235.1%), SUVEN PHARMACEUTICALS (up 127.4%) and Glenmark Pharma (up 124.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,480.3 (down 1.7%).

The top losers among the BSE Sensex today are Bajaj Finserv (down 3.9%) and MUNDRA PORT & SEZ (down 3.7%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,897.6 (down 1.7%). Hero Motocorp and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,480.3, registering a gain of 14,605.4 points (up 22.9%).

MEDICO REMEDIES Financial Update...

MEDICO REMEDIES net profit grew 19.5% YoY to Rs 16 million for the quarter ended June 2024, compared to a profit of Rs 13 million a year ago. Net sales declined 2.1% to Rs 308 million during the period as against Rs 315 million in April-June 2023.

For the year ended March 2024, MEDICO REMEDIES reported 14.5% increase in net profit to Rs 83 million compared to net profit of Rs 72 million during FY23. Revenue of the company grew 3.2% to Rs 1,449 million during FY24.

The current Price to earnings ratio of MEDICO REMEDIES , based on rolling 12 month earnings, stands at 55.9.


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