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GRAVITA INDIA Gains 11%; BSE METAL Index Down 0.9%
Wed, 19 Jun 13:24

GRAVITA INDIA share price has zoomed 11% and is presently trading at Rs 1,420.9.

Meanwhile, the BSE METAL index is at 33,226.6 (down 0.9%).

Among the top gainers in the BSE METAL index today is Jindal Steel (up 0.9%).

Hindalco (down 2.0%) and SAIL (down 1.7%) are among the top losers today.

Over the last one year, GRAVITA INDIA has moved up from Rs 601.5 to Rs 1,420.9, registering a gain of Rs 819.5 (up 136.2%).

On the other hand, the BSE METAL index has moved up from 20,584.7 to 33,226.6, registering a gain of 61.4% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 141.6%), Coal India (up 110.7%) and Hindustan Zinc (up 110.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,408.9 (up 0.1%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.0%) and HDFC Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,534.4 (down 0.1%). Titan and L&T are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,408.9, registering a gain of 14,180.4 points (up 22.4%).

GRAVITA INDIA Financial Update...

GRAVITA INDIA net profit grew 8.5% YoY to Rs 694 million for the quarter ended March 2024, compared to a profit of Rs 640 million a year ago. Net sales rose 15.3% to Rs 8,634 million during the period as against Rs 7,489 million in January-March 2023.

For the year ended March 2023, GRAVITA INDIA reported 37.5% increase in net profit to Rs 2,041 million compared to net profit of Rs 1,485 million during FY22. Revenue of the company grew 26.4% to Rs 28,006 million during FY23.

The current Price to earnings ratio of GRAVITA INDIA, based on rolling 12 month earnings, stands at 40.5.


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