IPCA LABS Surges by 5%; BSE HEALTHCARE Index Up 3.5%

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IPCA LABS Surges by 5%; BSE HEALTHCARE Index Up 3.5%
Thu, 9 Apr 09:21 AM

IPCA LABS share price has zoomed 5% and is presently trading at Rs 1,700.

Meanwhile, the BSE HEALTHCARE Index is at 14,520 (up 3.5%).

Among the top Gainers in the BSE HEALTHCARE Index today are IPCA LABS (up 5.2%) and AJANTA PHARMA (up 5.3%).

NARAYANA HRUDAYALAYA LTD (down 0.1%) and LAURUS LABS LTD (down 0.6%) are among the top losers today.

Over the last one year, IPCA LABS has moved up from Rs 935 to Rs 1,700, registering a gain of Rs 765 (up 81.8%).

On the other hand, the BSE HEALTHCARE has moved up from 14,273 to 14,520, registering a gain of 247 points (up 1.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 146.4%), IPCA LABS (up 81.8%) and GRANULES INDIA (up 60.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 30,634 (up 2.2%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 7.8%), ICICI BANK (up 3.7%) and AXIS BANK (up 3.7%). Other gainers include SUN PHARMA (up 3.5%) and ITC (up 3.2%). The most traded stocks in the BSE Sensex are TECH MAHINDRA and POWER GRID.

In the meantime, NSE Nifty is at 8,995 (up 2.5%). The top gainers in the NSE Nifty include CIPLA (up 10.0%), VEDANTA LTD (up 5.5%) and AXIS BANK (up 4.3%). Other gainers include ICICI BANK (up 4.3%) and WIPRO (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,701 to 30,634, registering a loss of 8,067 points (down 21.04%).

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 33.9x.



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