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%).
Independence Day Offer: Get Our 4 Research Services at the Price of 1
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 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.
Image source: bluebay2014/www.istockphoto.com
Equitymaster requests your view! Post a comment on "NEULAND LABS Plunges 6%; BSE HEALTHCARE Index Up 0.5%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!