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Gandhi Special Tubes Gains 5%; BSE METAL Index Down 0.5%
Thu, 26 Sep 9:55

Gandhi Special Tubes Gains 5%; BSE METAL Index Down 0.5%Image source: peterschreiber.media/www.istockphoto.com

Gandhi Special Tubes share price has zoomed 5% and is presently trading at Rs 830.0.

Meanwhile, the BSE METAL index is at 33,058.2 (down 0.5%).

Among the top gainers in the BSE METAL index today is Tata Steel (up 0.1%).

NMDC (down 1.4%) and Hindustan Zinc (down 1.0%) are among the top losers today.

Over the last one year, Gandhi Special Tubes has moved up from Rs 683.7 to Rs 830.0, registering a gain of Rs 146.4 (up 21.4%).

On the other hand, the BSE METAL index has moved up from 22,741.0 to 33,058.2, registering a gain of 45.4% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 113.4%), Coal India (up 73.8%) and Hindustan Zinc (up 61.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,341.5 (up 0.2%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.5%) and Tata Motors (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 26,049.1 (up 0.2%). 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 85,341.5, registering a gain of 19,317.8 points (up 29.3%).

Gandhi Special Tubes Financial Update...

Gandhi Special Tubes net profit fell 9.2% YoY to Rs 143 million for the quarter ended June 2024, compared to a profit of Rs 158 million a year ago. Net sales declined 11.7% to Rs 408 million during the period as against Rs 462 million in April-June 2023.

For the year ended March 2024, Gandhi Special Tubes reported 17.4% increase in net profit to Rs 556 million compared to net profit of Rs 473 million during FY23. Revenue of the company grew 2.0% to Rs 1,709 million during FY24.

The current Price to earnings ratio of Gandhi Special Tubes, based on rolling 12 month earnings, stands at 18.6.


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