Divis Labs shares 0.2% as Nifty gains

NEW DELHI: Shares of Divi's Laboratories Ltd. traded 0.2 per cent in Tuesday's trade at 01:18PM (IST). Around 2,219 shares changed hands on the counter.

The stock opened at Rs 6280.00 and touched an intraday high and low of Rs 6289.50 and Rs 6217.30, respectively, in the session so far. The stock of Divi's Laboratories Ltd. quoted a 52-week high of Rs 6448.75 and a 52-week low of Rs 3350.05.

As per BSE, the total market cap of the Divi's Laboratories Ltd. stood at Rs 165360.38 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 2444.0000 crore for the quarter ended 30-Sep-2024, 11.24 per cent from previous quarter's Rs 2197.0000 crore and 22.51 per cent from the year-ago quarter's Rs 1995.0000 crore.

The net for latest quarter stood at Rs 510.0 crore, 46.55 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2024, domestic institutional investors held 11.92 per cent stake in the firm, while foreign institutional investors held 17.25 per cent and the promoters 51.89 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 90.07 and a price-to-book ratio of 6.71. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Divi's Laboratories Ltd. belongs to the Pharma - Indian industry.