IPCA LABS share price has zoomed 5% and is presently trading at Rs 1,617.
Meanwhile, the BSE HEALTHCARE Index is at 15,122 (up 0.7%).
Among the top Gainers in the BSE HEALTHCARE Index today is IPCA LABS (up 5.3%).
NARAYANA HRUDAYALAYA LTD (down 0.1%) and ABBOTT INDIA (down 0.1%) are among the top losers today.
Over the last one year, IPCA LABS has moved up from Rs 927 to Rs 1,617, registering a gain of Rs 690 (up 74.4%).
On the other hand, the BSE HEALTHCARE has moved up from 13,310 to 15,122, registering a gain of 1,812 points (up 13.6%) during the last 12 months.
The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 146.8%), J.B.CHEMICALS (up 101.5%) and IPCA LABS (up 74.4%).
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The BSE Sensex is at 31,631 (down 1.3%).
The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 3.3%), NESTLE (up 1.7%) and KOTAK MAHINDRA BANK (up 1.1%). Other gainers include ITC (up 0.5%) and ULTRATECH CEMENT (up 0.4%). The most traded stocks in the BSE Sensex are BAJAJ FINANCE and ITC.
In the meantime, NSE Nifty is at 9,281 (down 1.3%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 3.8%), BAJAJ FINANCE (up 3.2%) and BAJAJ FINSERV (up 1.4%). Other gainers include BRITANNIA (up 1.0%) and KOTAK MAHINDRA BANK (up 0.9%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 37,091 to 31,631, registering a loss of 5,460 points (down 14.84%).
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 32.2x. p >
What else is happening in the markets today? Dig in...
The week belonged to the bulls after bears ended the party in February. March started with gains for the bulls but historically, March has been a bears' month.
Indian share markets end lower with the Sensex down by 441 points and the Nifty ending down by 143 points.
GRINDWELL NORTON share price is trading down by 5% and its current market price is Rs 950. The BSE CAPITAL GOODS is down by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 3.3%) and AIA ENGINEERING (up 0.3%). The top losers is GRINDWELL NORTON (down 5.1%).
ADITYA BIRLA CAPITAL share price is trading down by 5% and its current market price is Rs 131. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 7.3%) and MOTILAL OSWAL (up 5.9%). The top losers are ADITYA BIRLA CAPITAL (down 5.0%) and APOLLO HOSPITALS (down 5.2%).
HAVELLS INDIA share price is trading down by 5% and its current market price is Rs 1,163. The BSE CONSUMER DURABLES is down by 0.7%. The top gainers in the BSE CONSUMER DURABLES Index are BLUE STAR (up 1.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.3%). The top losers is HAVELLS INDIA (down 5.1%).
BALMER LAWRIE share price is trading down by 5% and its current market price is Rs 148. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.8%) and MOTILAL OSWAL (up 6.1%). The top losers are BALMER LAWRIE (down 5.0%) and APOLLO HOSPITALS (down 5.5%).
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