IPCA LABS at 52 Week High; BSE 500 Index Up 1.0%

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IPCA LABS at 52 Week High; BSE 500 Index Up 1.0%
Wed, 16 Sep 03:20 PM

IPCA LABS share price has hit a 52-week high at Rs 2,196 (up 1.9%).

Meanwhile, the BSE 500 Index is at 15,324 (up 0.7%).

Among the top gainers in the BSE 500 Index today are IPCA LABS (up 1.9%) and INDOSTAR CAPITAL (up 13.6%).

WABCO INDIA (down 7.9%) and ITD CEMENTATION INDIA (down 5.9%) are among the top losers today.

Over the last one year, IPCA LABS has moved up from Rs 947 to Rs 2,196, registering a gain of Rs 1,249 (up 131.86%).

The BSE 500 has moved up from 14,284 to 15,324, registering a gain of 1,040 points (up 7.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 1121.4%), DEEPAK NITRITE (up 212.5%) and J.B.CHEMICALS (up 146.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,360 (up 0.7%). The top gainers among the BSE Sensex stocks today are M&M (up 4.1%), BAJAJ AUTO (up 3.1%) and SUN PHARMA (up 2.5%). Other gainers include HDFC BANK (up 2.2%) and INFOSYS (up 2.1%). The most traded stocks in the BSE Sensex are INFOSYS and RELIANCE IND..

In the meantime, NSE Nifty is at 11,618 (up 0.7%). M&M (up 4.2%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,123 to 39,360, registering a gain of 2,237 points (up 5.9%).

IPCA LABS Financial Update...

IPCA LABS net profit down at Rs 1 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 11.8% to Rs 10.0 billion during the period as against Rs 11.4 billion in January-March 2019.

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 42.5x.



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