IPCA LABS Surges by 8%; BSE HEALTHCARE Index Up 1.3%

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IPCA LABS Surges by 8%; BSE HEALTHCARE Index Up 1.3%
Mon, 2 Mar 09:29 AM

IPCA LABS share price has zoomed 8% and is presently trading at Rs 1,472.

Meanwhile, the BSE HEALTHCARE Index is at 13,774 (up 1.3%).

Among the top Gainers in the BSE HEALTHCARE Index today is IPCA LABS (up 7.9%).

ERIS LIFESCIENCES LIMITED (down 0.1%) and PROCTER & GAMBLE HEALTH (down 0.4%) are among the top losers today.

Over the last one year, IPCA LABS has moved up from Rs 811 to Rs 1,472, registering a gain of Rs 661 (up 81.2%).

On the other hand, the BSE HEALTHCARE has moved up from 13,761 to 13,774, registering a gain of 13 points (up -0.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 111.8%), IPCA LABS (up 81.2%) and GRANULES INDIA (up 67.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,083 (up 1.4%).

The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.3%), RELIANCE IND. (up 2.5%) and TCS (up 2.3%). Other gainers include ONGC (up 2.1%) and NESTLE (up 2.0%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,433 (up 1.4%). ZEE ENTERTAINMENT (up 3.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,867 to 39,083, registering a gain of 3,216 points (up 8.3%).

IPCA LABS Financial Update...

IPCA LABS net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales rose 20.2% to Rs 11.4 billion during the period as against Rs 9.5 billion in October-December 2018.

For the year ended March 2019, IPCA LABS reported 84.7% increase in net profit to Rs 4.4 billion compared to net profit of Rs 2.4 billion during FY18.

Revenue of the company grew 14.9% to Rs 38 billion during FY19.

The current Price to earnings ratio of IPCA LABS, based on rolling 12 month earnings, stands at 29.3x.



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