IPCA LABS at All Time High; BSE HEALTHCARE Index Up 0.3%

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IPCA LABS at All Time High; BSE HEALTHCARE Index Up 0.3%
Wed, 15 Sep 09:36 AM

IPCA LABS share price has hit an all-time high at Rs 2,767 (up 4.1%).

Meanwhile, the BSE HEALTHCARE Index is at 26,811 (up 0.3%).

Among the top gainers in the BSE HEALTHCARE Index today are IPCA LABS (up 4.1%) and SANOFI INDIA (up 0.3%).

DR. REDDYS LAB (down 0.1%) and NATCO PHARMA (down 0.1%) are among the top losers today.

Over the last one year, IPCA LABS has moved up from Rs 2,150 to Rs 2,767, registering a gain of Rs 617 (up 28.2%).

The BSE HEALTHCARE has moved up from 18,952 to 26,811, registering a gain of 7,859 points (up 41.4%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were APOLLO HOSPITALS (up 190.7%), LAURUS LABS (up 145.8%) and DR. LAL PATHLABS (up 114.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 58,389 (up 0.2%). The top gainers among the BSE Sensex stocks today are ONGC (up 4.7%), TITAN (up 3.2%) and BHARTI AIRTEL (up 1.4%). Other gainers include NTPC (up 1.3%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are ONGC and NTPC.

In the meantime, NSE Nifty is at 17,423 (up 0.2%). The top gainers in the NSE Nifty include ONGC (up 4.4%), TITAN (up 3.3%) and NTPC (up 2.0%). Other gainers include SHREE CEMENT (up 1.4%) and BHARTI AIRTEL (up 1.3%).

Over the last 12 months, the BSE Sensex has moved up from 38,757 to 58,389, registering a gain of 19,632 points (up 50.6%).

IPCA LABS Financial Update...

IPCA LABS net profit stood at Rs 3 billion for the quarter ended June 2021, compared to a profit of Rs 3 billion a year ago. Net Sales rose 11.1% to Rs 15.7 billion during the period as against Rs 14.1 billion in April-June 2020.

For the year ended March 2021, IPCA LABS reported 87.9% increase in net profit to Rs 11.5 billion compared to net profit of Rs 6.1 billion during FY20.

Revenue of the company grew 16.8% to Rs 54 billion during FY21.

The current Price to earnings ratio of IPCA LABS, based on rolling 12 month earnings, stands at 34.6x.

What else is happening in the markets today? Dig in...

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