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ISHITA DRUGS Plunges 4%; BSE HEALTHCARE Index Up 0.7%
Wed, 3 Jul 11:57

ISHITA DRUGS Plunges 4%; BSE HEALTHCARE Index Up 0.7%Image source: ThinkNeo/www.istockphoto.com

ISHITA DRUGS share price has plunged 4% and is presently trading at Rs 65.5.

Meanwhile, the BSE HEALTHCARE index is at 37,428.9 (up 0.7%).

Among the top losers in the BSE HEALTHCARE index today are ALEMBIC PHARMA (down 2.1%) and AARTI DRUGS (down 1.6%).

GRANULES INDIA (up 3.7%) and SUN PHARMA ADV. RES. (up 3.3%) are among the top gainers today.

Over the last one year, ISHITA DRUGS has moved down from Rs 80.2 to Rs 65.5, registering a loss of Rs 14.7 (down 18.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,627.6 to 37,428.9, registering a gain of 46.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 90.7%), Cadila Healthcare (up 89.1%) and GSK Pharma (up 86.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,880.3 (up 0.6%).

The top gainers among the BSE Sensex today are HDFC Bank (up 3.1%) and Axis Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,261.5 (up 0.6%). HDFC Bank and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,880.3, registering a gain of 14,675.3 points (up 22.5%).

ISHITA DRUGS Financial Update...

ISHITA DRUGS net profit grew 56.1% YoY to Rs 3 million for the quarter ended March 2024, compared to a profit of Rs 2 million a year ago. Net sales rose 71.1% to Rs 45 million during the period as against Rs 26 million in January-March 2023.

For the year ended March 2023, ISHITA DRUGS reported 28.3% decrease in net profit to Rs 6 million compared to net profit of Rs 8 million during FY22. Revenue of the company fell 14.3% to Rs 121 million during FY23.

The current Price to earnings ratio of ISHITA DRUGS, based on rolling 12 month earnings, stands at 26.2.

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