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GRAVITA INDIA Gains 4%; BSE METAL Index Up 1.3%
Thu, 12 Sep 9:47

GRAVITA INDIA Gains 4%; BSE METAL Index Up 1.3%Image source: Sefa Ozel/www.istockphoto.com

GRAVITA INDIA share price has zoomed 4% and is presently trading at Rs 2,307.0.

Meanwhile, the BSE METAL index is at 31,115.4 (up 1.3%).

Among the top gainers in the BSE METAL index today are NMDC (up 2.1%) and Tata Steel (up 1.9%).

Over the last one year, GRAVITA INDIA has moved up from Rs 796.3 to Rs 2,307.0, registering a gain of Rs 1,510.7 (up 189.7%).

On the other hand, the BSE METAL index has moved up from 23,528.2 to 31,115.4, registering a gain of 32.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 81.8%), Coal India (up 73.9%) and Hindustan Zinc (up 50.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,814.5 (up 0.4%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.9%) and MUNDRA PORT & SEZ (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,045.8 (up 0.5%). Tata Steel and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,814.5, registering a gain of 14,687.5 points (up 21.9%).

GRAVITA INDIA Financial Update...

GRAVITA INDIA net profit grew 29.4% YoY to Rs 680 million for the quarter ended June 2024, compared to a profit of Rs 526 million a year ago. Net sales rose 29.1% to Rs 9,079 million during the period as against Rs 7,034 million in April-June 2023.

For the year ended March 2024, GRAVITA INDIA reported 18.7% increase in net profit to Rs 2,423 million compared to net profit of Rs 2,041 million during FY23. Revenue of the company grew 12.9% to Rs 31,608 million during FY24.

The current Price to earnings ratio of GRAVITA INDIA, based on rolling 12 month earnings, stands at 61.8.


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