IPCA LABS Surges by 5%; BSE HEALTHCARE Index Up 0.7%

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IPCA LABS Surges by 5%; BSE HEALTHCARE Index Up 0.7%
Thu, 14 May 09:57 AM

IPCA LABS share price has zoomed 5% and is presently trading at Rs 1,617.

Meanwhile, the BSE HEALTHCARE Index is at 15,122 (up 0.7%).

Among the top Gainers in the BSE HEALTHCARE Index today is IPCA LABS (up 5.3%).

NARAYANA HRUDAYALAYA LTD (down 0.1%) and ABBOTT INDIA (down 0.1%) are among the top losers today.

Over the last one year, IPCA LABS has moved up from Rs 927 to Rs 1,617, registering a gain of Rs 690 (up 74.4%).

On the other hand, the BSE HEALTHCARE has moved up from 13,310 to 15,122, registering a gain of 1,812 points (up 13.6%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 146.8%), J.B.CHEMICALS (up 101.5%) and IPCA LABS (up 74.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 31,631 (down 1.3%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 3.3%), NESTLE (up 1.7%) and KOTAK MAHINDRA BANK (up 1.1%). Other gainers include ITC (up 0.5%) and ULTRATECH CEMENT (up 0.4%). The most traded stocks in the BSE Sensex are BAJAJ FINANCE and ITC.

In the meantime, NSE Nifty is at 9,281 (down 1.3%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 3.8%), BAJAJ FINANCE (up 3.2%) and BAJAJ FINSERV (up 1.4%). Other gainers include BRITANNIA (up 1.0%) and KOTAK MAHINDRA BANK (up 0.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,091 to 31,631, registering a loss of 5,460 points (down 14.84%).

IPCA LABS Financial Update...

IPCA LABS net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales rose 20.2% to Rs 11.4 billion during the period as against Rs 9.5 billion in October-December 2018.

For the year ended March 2019, IPCA LABS reported 84.7% increase in net profit to Rs 4.4 billion compared to net profit of Rs 2.4 billion during FY18.

Revenue of the company grew 14.9% to Rs 38 billion during FY19.

The current Price to earnings ratio of IPCA LABS, based on rolling 12 month earnings, stands at 32.2x.



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