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GSK Pharma Gains 2%; BSE HEALTHCARE Index Down 0.5%
Tue, 2 Jul 13:18

GSK Pharma Gains 2%; BSE HEALTHCARE Index Down 0.5%Image source: peterschreiber.media/www.istockphoto.com

GSK Pharma share price has zoomed 2% and is presently trading at Rs 2,666.3.

Meanwhile, the BSE HEALTHCARE index is at 37,061.4 (down 0.5%).

Among the top gainers in the BSE HEALTHCARE index today are ALEMBIC PHARMA (up 5.3%) and AARTI DRUGS (up 2.7%).

MAX HEALTHCARE INSTITUTE (down 4.3%) and SUN PHARMA ADV. RES. (down 2.5%) are among the top losers today.

Over the last one year, GSK Pharma has moved up from Rs 1,438.2 to Rs 2,666.3, registering a gain of Rs 1,228.1 (up 85.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,634.3 to 37,061.4, registering a gain of 44.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GSK Pharma (up 85.4%), Glenmark Pharma (up 83.6%) and Jubilant Pharmova (up 83.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,340.3 (down 0.2%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.8%) and Indusind Bank (down 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,104.5 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,340.3, registering a gain of 15,424.9 points (up 24.1%).

GSK Pharma Financial Update...

GSK Pharma net profit grew 45.8% YoY to Rs 1,945 million for the quarter ended March 2024, compared to a profit of Rs 1,334 million a year ago. Net sales rose 18.1% to Rs 9,298 million during the period as against Rs 7,875 million in January-March 2023.

For the year ended March 2024, GSK Pharma reported 2.9% decrease in net profit to Rs 5,900 million compared to net profit of Rs 6,076 million during FY23. Revenue of the company grew 6.2% to Rs 34,537 million during FY24.

The current Price to earnings ratio of GSK Pharma, based on rolling 12 month earnings, stands at 76.6.


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