5 Best Medical Device Stocks for June 2024

Published : 18 June 2024

Alkem Laboratories

The company manufactures products related to Asthma and COPD (Chronic Obstructive Pulmonary Disease) such as inhalers.  Its shares are trading at around Rs. 5210 at present with ROCE and ROE of 19.49% and 17.41% while the OPM is noted at 17.81%.

Abbott India

Abbott is a global brand producing electrophysiology and cardiac rhythm management devices. It is currently trading at around Rs. 27180 with an ROCE of 42.33% and an ROE of 32.47%. Its OPM is 27.87%.

Prevest Denpro

The company manufactures materials related to dental care and hygiene and biomaterials. The company’s share is trading at around Rs. 480. It has ROCE and ROE of 23.98% and 18.19% respectively.  While the OPM was 37.94%.

Poly Medicure

It manufactures products related to Central Venous Access, Catheters, Anaesthesia, Surgery and Wound Drainage, Dialysis, etc. It is currently trading around Rs. 1960 with an ROCE of 23.42% and an ROE of 17.56%.  Its OPM is around 25.66%.

QMS Medical Allied Services

The company manufactures devices such as Blood Pressure Monitor, Diagnostic machines, Glucose Monitoring Kit, and more. It is currently trading at around Rs. 107 with an ROCE of 18.88% and ROE of 11.46%.  Its OPM is around 12.57%.