Share price of Divis Labs falls as Sensex drops 293.37 points

Share price of Divi's Laboratories Ltd. dropped 0.29 per cent to Rs 6089.55 at 01:39PM (IST) in Wednesday's trade. The stock hit a high of Rs 6141.1 and low of Rs 6055.3 so far during the session. The stock had closed at Rs 6107.35 in the previous session.

The counter had a total traded volume of 01:39PM shares so far with a turnover of Rs 3.51 crore on BSE. The stock traded at a price-to-earnings multiple of 96.49 and a price-to-book ratio of 6.71.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.


The 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.

Promotor/FII Holding
Promoters held 51.89 per cent stake in the company as of 30-Sep-2024, while foreign investors and domestic institutional investors ownership stood at 17.25 per cent and 20.98 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 2197.0 crore for the quarter ended 30-Jun-2024, down 7.77 per cent from the previous quarter's Rs 2382.0 crore and down 18.18 per cent from the year-ago quarter's Rs 1859.0 crore.

Its profit for the latest quarter stood at Rs 430.0 crore, up 20.79 per cent from the same quarter a year ago.