IPCA LABS share price has zoomed 5% and is presently trading at Rs 815.
Meanwhile, the BSE HEALTHCARE Index is at 13,531 (down 0.2%).
Among the top Gainers in the BSE HEALTHCARE Index today are IPCA LABS (up 5.1%) and THYROCARE TECHNOLOGIES (up 9.9%).
LUPIN LTD (down 0.1%) and FORTIS HEALTHCARE (down 0.1%) are among the top losers today.
Over the last one year, IPCA LABS has moved up from Rs 604 to Rs 815, registering a gain of Rs 211 (up 34.9%).
On the other hand, the BSE HEALTHCARE has moved down from 14,350 to 13,531, loss of 819 points (down 6.6%) during the last 12 months.
The top gainers among the BSE HEALTHCARE Index stocks during this same period were DIVIS LABORATORIES (up 51.1%), IPCA LABS (up 34.9%) and ABBOTT INDIA (up 30.5%).
Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth
The BSE Sensex is at 35,912 (down 0.5%).
The top gainers among the BSE Sensex stocks today are ONGC (up 1.9%), AXIS BANK (up 1.4%) and TATA STEEL (up 1.1%). Other gainers include VEDANTA LTD (up 0.8%) and INDUSIND BANK (up 0.7%). The most traded stocks in the BSE Sensex are TATA STEEL and VEDANTA LTD.
In the meantime, NSE Nifty is at 10,760 (down 0.4%). BHARTI INFRATEL (up 3.5%) and ONGC (up 1.9%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 34,297 to 35,912, registering a gain of 1,615 points (up 3.9%).
IPCA LABS net profit stood at Rs 2 billion for the quarter ended December 2018, compared to a profit of Rs 1 billion a year ago. Net Sales rose 10.3% to Rs 9.5 billion during the period as against Rs 8.6 billion in October-December 2017.
For the year ended March 2018, IPCA LABS reported 23.1% increase in net profit to Rs 2.4 billion compared to net profit of Rs 1.9 billion during FY17.
Revenue of the company grew 2.2% to Rs 33 billion during FY18.
The current Price to earnings ratio of IPCA LABS, based on rolling 12 month earnings, stands at 25.9x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed a sharp sell-off today and ended deep in the red.
ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).
ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).
JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).
UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).
ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).
View More Indian Share Market NewsLast time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.
A look at what India's top equity mutual funds bought and sold in January 2021.
Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.
More
Equitymaster requests your view! Post a comment on "IPCA LABS Surges by 5%; BSE HEALTHCARE Index Down 0.2%". 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!