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Archies Gains 7%; BSE FMCG Index Up 0.1%
Thu, 26 Sep 11:44

Archies Gains 7%; BSE FMCG Index Up 0.1%Image source: alexsl/www.istockphoto.com

Archies share price has zoomed 7% and is presently trading at Rs 33.4.

Meanwhile, the BSE FMCG index is at 23,797.6 (up 0.1%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and Gujarat Ambuja (up 2.3%).

Shree Renuka Sugars (down 1.5%) and AVANTI FEEDS (down 1.2%) are among the top losers today.

Over the last one year, Archies has moved up from Rs 25.4 to Rs 33.4, registering a gain of Rs 8.0 (up 31.6%).

On the other hand, the BSE FMCG index has moved up from 18,686.8 to 23,797.6, registering a gain of 27.3% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 230.4%), BOM.BURMAH (up 124.9%) and RADICO KHAITAN (up 84.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 85,399.6 (up 0.3%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 3.8%) and Tata Motors (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 26,073.4 (up 0.3%). Maruti Suzuki and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,399.6, registering a gain of 19,375.9 points (up 29.3%).

Archies Financial Update...

Archies net profit grew 25.7% YoY to Rs -10 million for the quarter ended June 2024, compared to a loss of Rs 14 million a year ago. Net sales declined 10.9% to Rs 134 million during the period as against Rs 150 million in April-June 2023.

For the year ended March 2023, Archies reported 191.6% increase in net profit to Rs 24 million compared to net loss of Rs 26 million during FY22. Revenue of the company grew 11.5% to Rs 860 million during FY23.

The current Price to earnings ratio of Archies, based on rolling 12 month earnings, stands at -14.4.

Archives


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