Indoco Remedies Plunges 7%; BSE HEALTHCARE Index Up 0.7%
Fri, 8 May 10:59
Image source: StarLineArts/www.istockphoto.comIndoco Remedies share price has plunged 7% and is presently trading at Rs 233.0.
Meanwhile, the BSE HEALTHCARE index is at 46,724.8 (up 0.7%).
Among the top losers in the BSE HEALTHCARE index today are SYNGENE INTERNATIONAL (down 1.2%) and POLY MEDICURE (down 1.2%).
METROPOLIS HEALTHCARE (up 7.2%) and SUN PHARMA ADV. RES. (up 7.2%) are among the top gainers today.
Over the last one year, Indoco Remedies has moved down from Rs 238.8 to Rs 233.0, registering a loss of Rs 5.8 (down 2.4%).
On the other hand, the BSE HEALTHCARE index has moved up from 42,012.0 to 46,724.8, registering a gain of 11.2% during the last 12 months.
The top gainers among the BSE HEALTHCARE index stocks during this same period were LAURUS LABS (up 101.0%), GRANULES INDIA (up 68.9%) and Glenmark Pharma (up 67.9%).
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What About the Benchmark Indices?
The BSE Sensex is at 77,438.3 (down 0.5%).
The top losers among the BSE Sensex today are Ultratech Cement (down 1.6%) and HDFC Bank (down 1.6%). The most traded stocks in the BSE Sensex are Eternal Ltd and HDFC Bank.
In the meantime, NSE Nifty is at 24,206.4 (down 0.5%). HDFC Bank and Axis Bank are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 80,641.1 to 77,438.3, registering a loss of 3,202.8 points (down 4.0%).
Indoco Remedies Financial Update...
Indoco Remedies net profit grew 42.7% YoY to Rs -237 million for the quarter ended March 2026, compared to a loss of Rs 413 million a year ago. Net sales rose 21.9% to Rs 4,756 million during the period as against Rs 3,902 million in January-March 2025.
For the year ended March 2025, Indoco Remedies reported 180.4% decrease in net profit to Rs -780 million compared to net profit of Rs 970 million during FY24. Revenue of the company fell 8.4% to Rs 16,649 million during FY25.
The current Price to earnings ratio of Indoco Remedies, based on rolling 12 month earnings, stands at -21.8.
Indian Share Market Update: Top Gainers and Losers
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