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Archies Plunges 4%; BSE FMCG Index Down 0.6%
Tue, 2 Jul 15:11

Archies Plunges 4%; BSE FMCG Index Down 0.6%Image source: CreativaImages/www.istockphoto.com

Archies share price has plunged 4% and is presently trading at Rs 25.0.

Meanwhile, the BSE FMCG index is at 20,597.9 (down 0.6%).

Among the top losers in the BSE FMCG index today are Ruchi Soya Industries (down 2.4%) and Marico (down 2.4%).

GODREJ AGROVET (up 9.2%) and HATSUN AGRO PRODUCTS (up 5.7%) are among the top gainers today.

Over the last one year, Archies has moved down from Rs 27.5 to Rs 25.0, registering a loss of Rs 2.5 (down 9.1%).

On the other hand, the BSE FMCG index has moved up from 18,595.4 to 20,597.9, registering a gain of 10.8% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 157.3%), JYOTHY LABS (up 125.3%) and BOM.BURMAH (up 101.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,445.5 .

The top losers among the BSE Sensex today are Bharti Airtel (down 2.3%) and Kotak Bank (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,134.0 . Shriram Transport and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,445.5, registering a gain of 15,530.1 points (up 24.3%).

Archies Financial Update...

Archies net profit fell 452.5% YoY to Rs -86 million for the quarter ended March 2024, compared to a profit of Rs 24 million a year ago. Net sales rose 5.5% to Rs 218 million during the period as against Rs 207 million in January-March 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 -10.3.

Archives


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