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NEULAND LABS Plunges 6%; BSE HEALTHCARE Index Up 0.5%
Thu, 13 Feb 15:35

NEULAND LABS Plunges 6%; BSE HEALTHCARE Index Up 0.5%Image source: bluebay2014/www.istockphoto.com

NEULAND LABS share price has plunged 6% and is presently trading at Rs 12,844.2.

Meanwhile, the BSE HEALTHCARE index is at 41,011.1 (up 0.5%).

Among the top losers in the BSE HEALTHCARE index today are Natco Pharma (down 20.0%) and FDC (down 6.7%).

SUVEN PHARMACEUTICALS (up 5.7%) and IPCA Labs (up 4.5%) are among the top gainers today.

Over the last one year, NEULAND LABS has moved up from Rs 6,441.8 to Rs 12,844.2, registering a gain of Rs 6,402.4 (up 99.4%).

On the other hand, the BSE HEALTHCARE index has moved up from 35,042.5 to 41,011.1, registering a gain of 17.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 73.9%), Glenmark Pharma (up 69.8%) and Jubilant Pharmova (up 63.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 76,118.6 (down 0.1%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 1.9%) and Infosys (down 1.1%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.

In the meantime, NSE Nifty is at 23,019.4 (down 0.1%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 71,072.5 to 76,118.6, registering a gain of 5,046.1 points (up 7.1%).

NEULAND LABS Financial Update...

NEULAND LABS net profit grew 24.8% YoY to Rs 1,016 million for the quarter ended December 2024, compared to a profit of Rs 814 million a year ago. Net sales rose 1.3% to Rs 3,980 million during the period as against Rs 3,928 million in October-December 2023.

For the year ended March 2024, NEULAND LABS reported 83.5% increase in net profit to Rs 3,001 million compared to net profit of Rs 1,635 million during FY23. Revenue of the company grew 30.8% to Rs 15,586 million during FY24.

The current Price to earnings ratio of NEULAND LABS, based on rolling 12 month earnings, stands at 55.0.


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