CONCORD BIOTECH Gains 9%; BSE HEALTHCARE Index Down 0.3%
Wed, 3 Jun 11:17
Image source: peterschreiber.media/www.istockphoto.comCONCORD BIOTECH share price has zoomed 9% and is presently trading at Rs 1,250.0.
Meanwhile, the BSE HEALTHCARE index is at 46,160.7 (down 0.3%).
Among the top gainers in the BSE HEALTHCARE index today are ERIS LIFESCIENCES (up 2.2%) and APOLLO HOSPITALS (up 1.5%).
Natco Pharma (down 4.8%) and METROPOLIS HEALTHCARE (down 2.0%) are among the top losers today.
Over the last one year, CONCORD BIOTECH has moved down from Rs 1,822.5 to Rs 1,250.0, registering a loss of Rs 572.5 (down 31.4%).
On the other hand, the BSE HEALTHCARE index has moved up from 42,648.8 to 46,160.7, registering a gain of 8.2% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were LAURUS LABS (up 126.1%), GRANULES INDIA (up 48.7%) and Glenmark Pharma (up 44.2%).
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What About the Benchmark Indices?
The BSE Sensex is at 73,685.0 (down 1.3%).
The top losers among the BSE Sensex today are TCS (down 8.2%) and Tech Mahindra (down 4.8%). The most traded stocks in the BSE Sensex are TCS and ITC.
In the meantime, NSE Nifty is at 23,202.9 (down 1.2%). TCS and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,373.8 to 73,685.0, registering a loss of 7,688.8 points (down 9.4%).
CONCORD BIOTECH Financial Update...
CONCORD BIOTECH net profit fell 37.5% YoY to Rs 886 million for the quarter ended March 2026, compared to a profit of Rs 1,419 million a year ago. Net sales declined 24.1% to Rs 3,261 million during the period as against Rs 4,299 million in January-March 2025.
For the year ended March 2025, CONCORD BIOTECH reported 20.6% increase in net profit to Rs 3,716 million compared to net profit of Rs 3,081 million during FY24. Revenue of the company grew 18.0% to Rs 12,001 million during FY25.
The current Price to earnings ratio of CONCORD BIOTECH, based on rolling 12 month earnings, stands at 51.0.
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