CIPLA Surges by 7%; BSE HEALTHCARE Index Up 3.6%

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CIPLA Surges by 7%; BSE HEALTHCARE Index Up 3.6%
Tue, 24 Mar 12:23 PM

CIPLA share price has zoomed 7% and is presently trading at Rs 410.

Meanwhile, the BSE HEALTHCARE Index is at 11,583 (up 3.6%).

Among the top Gainers in the BSE HEALTHCARE Index today are CIPLA (up 7.4%) and PROCTER & GAMBLE HEALTH (up 6.4%).

FDC LTD. (down 0.9%) and WOCKHARDT (down 1.0%) are among the top losers today.

Over the last one year, CIPLA has moved down from Rs 527 to Rs 410, registering a loss of Rs 117 (down 23.0%).

On the other hand, the BSE HEALTHCARE has moved down from 14,114 to 11,583, loss of 2,531 points (down 19.2%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 87.4%), IPCA LABS (up 44.4%) and J.B.CHEMICALS (up 37.1%).

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 2.3%).

The top gainers among the BSE Sensex stocks today are HUL (up 8.5%), INFOSYS (up 7.5%) and SUN PHARMA (up 5.8%). Other gainers include NESTLE (up 5.7%) and BAJAJ FINANCE (up 5.6%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 1.9%). The top gainers in the NSE Nifty include BRITANNIA (up 13.4%), ADANI PORTS & SEZ (up 10.6%) and CIPLA (up 8.1%). Other gainers include HUL (up 7.7%) and INFOSYS (up 7.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 29.69%).

CIPLA Financial Update...

CIPLA net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Net Sales rose 9.1% to Rs 43.7 billion during the period as against Rs 40.1 billion in October-December 2018.

For the year ended March 2019, CIPLA reported 0.9% increase in net profit to Rs 15.1 billion compared to net profit of Rs 15.0 billion during FY18.

Revenue of the company grew 8.3% to Rs 160 billion during FY19.

The current Price to earnings ratio of CIPLA, based on rolling 12 month earnings, stands at 19.5x.



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