Share price of Divis Labs jumps as Sensex drops 730.4 points

Share price of Divi's Laboratories Ltd. gained 0.17 per cent to Rs 5134.95 at 12:28PM (IST) in Friday's trade. The scrip hit a high of Rs 5171.75 and low of Rs 5063.55 so far during the session. The stock had closed at Rs 5126.05 in the previous session.

The counter had a total traded volume of 12:28PM shares so far with a turnover of Rs 3.28 crore on BSE. The stock traded at a price-to-earnings multiple of 81.43 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 51.9 per cent stake in the company as of 30-Jun-2024, while overseas investors and domestic institutional investors ownership stood at 16.16 per cent and 21.66 per cent, respectively.

Key Financials
The company reported consolidated 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.