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KACHCHH MINERALS Gains 9%; BSE METAL Index Down 1.1%
Tue, 8 Oct 17:1

KACHCHH MINERALS Gains 9%; BSE METAL Index Down 1.1%Image source: alexsl/www.istockphoto.com

KACHCHH MINERALS share price has zoomed 9% and is presently trading at Rs 28.9.

Meanwhile, the BSE METAL index is at 33,136.0 (down 1.1%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 3.3%) and Coal India (up 2.5%).

NMDC (down 4.2%) and Tata Steel (down 2.9%) are among the top losers today.

Over the last one year, KACHCHH MINERALS has moved up from Rs 20.7 to Rs 28.9, registering a gain of Rs 8.2 (up 39.7%).

On the other hand, the BSE METAL index has moved up from 22,570.7 to 33,136.0, registering a gain of 46.8% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 122.6%), Coal India (up 71.0%) and Hindustan Zinc (up 65.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,634.8 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 4.8%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,013.2 . TATA STEEL 2% CCPS and Dr Reddy NCD1 are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,634.8, registering a gain of 16,408.8 points (up 25.2%).

KACHCHH MINERALS Financial Update...

KACHCHH MINERALS net profit fell 72.5% YoY to Rs 1 million for the quarter ended June 2024, compared to a profit of Rs 2 million a year ago. Net sales declined 55.0% to Rs 3 million during the period as against Rs 7 million in April-June 2023.

For the year ended March 2023, KACHCHH MINERALS reported 156.5% decrease in net profit to Rs -1 million compared to net profit of Rs 2 million during FY22. Revenue of the company fell 47.8% to Rs 6 million during FY23.

The current Price to earnings ratio of KACHCHH MINERALS, based on rolling 12 month earnings, stands at 32.6.


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