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MUKAT PIPES Gains 9%; BSE METAL Index Up 0.3%
Tue, 9 Jul 9:57

MUKAT PIPES Gains 9%; BSE METAL Index Up 0.3%Image source: Eoneren/www.istockphoto.com

MUKAT PIPES share price has zoomed 9% and is presently trading at Rs 17.9.

Meanwhile, the BSE METAL index is at 33,574.8 (up 0.3%).

Among the top gainers in the BSE METAL index today are NMDC (up 1.4%) and Jindal Steel (up 1.0%).

JSW Steel (down 0.5%) and Coal India (down 0.1%) are among the top losers today.

Over the last one year, MUKAT PIPES has moved up from Rs 7.0 to Rs 17.9, registering a gain of Rs 10.8 (up 154.3%).

On the other hand, the BSE METAL index has moved up from 20,792.3 to 33,574.8, registering a gain of 61.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 136.0%), Hindustan Zinc (up 122.0%) and Coal India (up 113.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,136.9 (up 0.2%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 4.3%) and Titan (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,362.4 (up 0.2%). Maruti Suzuki and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,446.0 to 80,136.9, registering a gain of 14,690.9 points (up 22.4%).

MUKAT PIPES Financial Update...

MUKAT PIPES net profit fell 63.6% YoY to Rs 0 million for the quarter ended March 2024, compared to a profit of Rs 1 million a year ago. Net sales rose 37.3% to Rs 21 million during the period as against Rs 15 million in January-March 2023.

For the year ended March 2023, MUKAT PIPES reported 8.6% decrease in net profit to Rs -1 million compared to net loss of Rs 1 million during FY22. Revenue of the company fell 46.0% to Rs 33 million during FY23.

The current Price to earnings ratio of MUKAT PIPES, based on rolling 12 month earnings, stands at 71.1.


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