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ARVIND REMEDIES Plunges 5%; BSE HEALTHCARE Index Up 0.3%
Wed, 27 Nov 9:20

ARVIND REMEDIES Plunges 5%; BSE HEALTHCARE Index Up 0.3%Image source: Nikada/www.istockphoto.com

ARVIND REMEDIES share price has plunged 5% and is presently trading at Rs 4.7.

Meanwhile, the BSE HEALTHCARE index is at 43,267.9 (up 0.3%).

Among the top losers in the BSE HEALTHCARE index today are IPCA Labs (down 2.6%) and ALEMBIC PHARMA (down 0.7%).

FDC (up 3.6%) and ASTRAZENECA PHARMA (up 3.0%) are among the top gainers today.

Over the last one year, ARVIND REMEDIES has moved down from Rs 13.3 to Rs 4.7, registering a loss of Rs 8.6 (down 64.6%).

On the other hand, the BSE HEALTHCARE index has moved up from 29,654.9 to 43,267.9, registering a gain of 45.9% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 166.1%), SUVEN PHARMACEUTICALS (up 100.0%) and Glenmark Pharma (up 98.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,121.0 (up 0.1%).

The top gainers among the BSE Sensex today are M&M (up 1.6%) and Infosys (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,196.7 . M&M and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,121.0, registering a gain of 13,946.8 points (up 21.1%).

ARVIND REMEDIES Financial Update...

ARVIND REMEDIES net profit fell 517.0% YoY to Rs -260 million for the quarter ended June 2016, compared to a loss of Rs 42 million a year ago. Net sales declined 88.0% to Rs 15 million during the period as against Rs 121 million in April-June 2015.

For the year ended June 2015, ARVIND REMEDIES reported 630.2% decrease in net profit to Rs -3,200 million compared to net profit of Rs 604 million during FY14. Revenue of the company fell 13.2% to Rs 7,871 million during FY15.

The current Price to earnings ratio of ARVIND REMEDIES, based on rolling 12 month earnings, stands at -2.8.

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