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Huhtamaki India Plunges 5%; BSE FMCG Index Up 0.2%
Wed, 23 Oct 9:25

Huhtamaki India Plunges 5%; BSE FMCG Index Up 0.2%Image source: StarLineArts/www.istockphoto.com

Huhtamaki India share price has plunged 5% and is presently trading at Rs 348.1.

Meanwhile, the BSE FMCG index is at 21,861.1 (up 0.2%).

Among the top losers in the BSE FMCG index today are Emami (down 1.4%) and HATSUN AGRO PRODUCTS (down 1.1%).

GODREJ AGROVET (up 1.1%) and Balrampur Chini (up 1.1%) are among the top gainers today.

Over the last one year, Huhtamaki India has moved up from Rs 279.7 to Rs 348.1, registering a gain of Rs 68.4 (up 24.4%).

On the other hand, the BSE FMCG index has moved up from 18,541.7 to 21,861.1, registering a gain of 17.9% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 200.0%), BOM.BURMAH (up 85.8%) and RADICO KHAITAN (up 81.9%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,372.7 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 3.5%) and Bajaj Finserv (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,512.0 (up 0.2%). Bajaj Finance and Bajaj Finserv are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,372.7, registering a gain of 15,800.8 points (up 24.5%).

Huhtamaki India Financial Update...

Huhtamaki India net profit fell 63.7% YoY to Rs 117 million for the quarter ended September 2024, compared to a profit of Rs 323 million a year ago. Net sales declined 1.5% to Rs 6,525 million during the period as against Rs 6,625 million in July-September 2023.

For the year ended December 2023, Huhtamaki India reported 725.2% increase in net profit to Rs 4,096 million compared to net profit of Rs 496 million during FY22. Revenue of the company fell 14.5% to Rs 25,494 million during FY23.

The current Price to earnings ratio of Huhtamaki India, based on rolling 12 month earnings, stands at 6.5.


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