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LAURUS LABS Gains 5%; BSE HEALTHCARE Index Up 0.7%
Thu, 4 Jul 12:39

LAURUS LABS Gains 5%; BSE HEALTHCARE Index Up 0.7%Image source: alexsl/www.istockphoto.com

LAURUS LABS share price has zoomed 5% and is presently trading at Rs 456.3.

Meanwhile, the BSE HEALTHCARE index is at 37,673.5 (up 0.7%).

Among the top gainers in the BSE HEALTHCARE index today are ASTRAZENECA PHARMA (up 9.5%) and Lupin (up 5.2%).

SUVEN PHARMACEUTICALS (down 1.3%) and ERIS LIFESCIENCES (down 1.0%) are among the top losers today.

Over the last one year, LAURUS LABS has moved up from Rs 357.2 to Rs 456.3, registering a gain of Rs 99.2 (up 27.8%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,627.6 to 37,673.5, registering a gain of 47.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 95.4%), Cadila Healthcare (up 93.3%) and Lupin (up 92.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,195.6 (up 0.3%).

The top gainers among the BSE Sensex today are HCl Tech. (up 2.7%) and ICICI Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.

In the meantime, NSE Nifty is at 24,347.0 (up 0.3%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,195.6, registering a gain of 14,990.5 points (up 23.0%).

LAURUS LABS Financial Update...

LAURUS LABS net profit fell 29.8% YoY to Rs 753 million for the quarter ended March 2024, compared to a profit of Rs 1,072 million a year ago. Net sales rose 4.3% to Rs 14,397 million during the period as against Rs 13,809 million in January-March 2023.

For the year ended March 2024, LAURUS LABS reported 78.9% decrease in net profit to Rs 1,682 million compared to net profit of Rs 7,966 million during FY23. Revenue of the company fell 16.6% to Rs 50,408 million during FY24.

The current Price to earnings ratio of LAURUS LABS , based on rolling 12 month earnings, stands at 146.3.

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