Concord Biotech Ltd Share Price – NSE  /  BSE

Pharmaceuticals, Small Cap

Concord Biotech announced that the 39th Annual General Meeting (AGM) of the company will be held on 29 June 2024.

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Inox Wind Ltd, Sumitomo Chemical India Ltd, Doms Industries Ltd, Natco Pharma Ltd are among the other stocks to see a surge in volumes on NSE today, 28 May 2024.

Concord Biotech Ltd notched up volume of 48.54 lakh shares by 14:14 IST on NSE, a 66.43 fold spurt over two-week average daily volume of 73078 shares. The stock slipped 2.48% to Rs.1,405.00. Volumes stood at 78197 shares in the last session.

Inox Wind Ltd witnessed volume of 905.33 lakh shares by 14:14 IST on NSE, a 30.71 times surge over two-week average daily volume of 29.48 lakh shares. The stock dropped 9.99% to Rs.147.75. Volumes stood at 81.37 lakh shares in the last session.

Sumitomo Chemical India Ltd registered volume of 118.39 lakh shares by 14:14 IST on NSE, a 18.1 fold spurt over two-week average daily volume of 6.54 lakh shares. The stock rose 2.96% to Rs.454.05. Volumes stood at 5.85 lakh shares in the last session.

Doms Industries Ltd registered volume of 13.08 lakh shares by 14:14 IST on NSE, a 14.01 fold spurt over two-week average daily volume of 93359 shares. The stock rose 4.91% to Rs.1,940.45. Volumes stood at 4.83 lakh shares in the last session.

Natco Pharma Ltd registered volume of 41.97 lakh shares by 14:14 IST on NSE, a 10.02 fold spurt over two-week average daily volume of 4.19 lakh shares. The stock rose 0.80% to Rs.1,037.60. Volumes stood at 9.82 lakh shares in the last session.

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Concord Biotech announced that the Board of Directors of the Company at its meeting held on 23 May 2024, inter alia, have recommended the final dividend of Rs 8.75 per equity Share (i.e. 875%) , subject to the approval of the shareholders.

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Net profit of Concord Biotech rose 3.86% to Rs 95.02 crore in the quarter ended March 2024 as against Rs 91.49 crore during the previous quarter ended March 2023. Sales rose 17.01% to Rs 318.97 crore in the quarter ended March 2024 as against Rs 272.59 crore during the previous quarter ended March 2023.

For the full year,net profit rose 28.33% to Rs 308.10 crore in the year ended March 2024 as against Rs 240.09 crore during the previous year ended March 2023. Sales rose 19.20% to Rs 1016.94 crore in the year ended March 2024 as against Rs 853.17 crore during the previous year ended March 2023.

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