The nine criteria that are used to evaluate the strength of a company’s financial position are represented by the Piotroski score, a discrete number that goes from zero to nine. The Piotroski score, where nine is the best stock and zero is the worst, is used to find the best-value stocks.
Here are the 3 Pharmaceutical stocks with high Piotroski scores.
Neuland Laboratories Ltd
Neuland Laboratories produces and distributes pharmaceuticals in large quantities to both domestic and foreign consumers.
With a market capitalization of Rs 6,562.68 crores, the shares of Neuland Laboratories Ltd closed at Rs 5,115.15 per share, decreased around 0.38 percent compared to the previous closing price of Rs 5,134.75 per share. The Piotroski score for the company is ‘nine’.
Looking into the company’s performance, Neuland Laboratories Ltd’s revenue increased by 42 percent from Rs 294 Crore in Q2FY23 to Rs 418 Crore in Q2FY24. During the same period, net profit increased by 134 percent from Rs 38 crore to Rs 89 crore.
Jagsonpal Pharmaceuticals Ltd
The principal activities of Jagsonpal Pharmaceuticals Ltd are API and pharmaceutical product manufacturing and trading. It serves both local and foreign markets and operates out of India.
With a market capitalization of Rs 1,019.89 crores, the shares of Jagsonpal Pharmaceuticals Ltd closed at Rs 389.30 per share, decreasing around 0.51 percent compared to the previous closing price of Rs 391.30 per share. The Piotroski score for the company is ‘nine’.
Looking into the company’s performance, Jagsonpal Pharmaceuticals Ltd’s revenue decreased by 4 percent from Rs 60.53 Crore in Q2FY23 to Rs 57.83 Crore in Q2FY24. During the same period, net profit decreased by 28 percent from Rs 10.41 crore to Rs 7.47 crore.
Denis Chem Lab Ltd
DCLL is a manufacturer that specializes in injectable antibiotics, diuretics, parenteral amino acid injections, plasma volume expanders, injections against anaerobic bacteria, and irrigation solutions.
With a market capitalization of Rs 163.05 crores, the shares of Denis Chem Lab Ltd closed at Rs 117.50 per share, increased around 3.98 percent compared to the previous closing price of Rs 113.00 per share. The Piotroski score for the company is ‘nine’.
Looking into the company’s performance, Denis Chem Lab Ltd’s revenue increased by 2 percent from Rs 44.51 Crore in Q2FY23 to Rs 45.43 Crore in Q2FY24. During the same period, net profit decreased by 18 percent from Rs 3.11 crore to Rs 2.54 crore.
Written by:- Abhishek Singh
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