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ORIENT ABRASIVES Gains 11%; BSE METAL Index Up 1.6%
Mon, 19 Aug 13:15

ORIENT ABRASIVES Gains 11%; BSE METAL Index Up 1.6%Image source: Eoneren/www.istockphoto.com

ORIENT ABRASIVES share price has zoomed 11% and is presently trading at Rs 53.2.

Meanwhile, the BSE METAL index is at 31,340.2 (up 1.6%).

Among the top gainers in the BSE METAL index today are Hindalco (up 3.2%) and Vedanta (up 2.5%).

Hindustan Zinc (down 4.6%) and APOLLO TUBES (down 2.0%) are among the top losers today.

Over the last one year, ORIENT ABRASIVES has moved up from Rs 32.7 to Rs 53.2, registering a gain of Rs 20.5 (up 62.7%).

On the other hand, the BSE METAL index has moved up from 21,481.0 to 31,340.2, registering a gain of 45.9% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 123.2%), Vedanta (up 87.8%) and NMDC (up 83.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,474.1 .

The top gainers among the BSE Sensex today are Tata Steel (up 2.0%) and NTPC (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,579.6 (up 0.2%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,474.1, registering a gain of 15,072.2 points (up 23.0%).

ORIENT ABRASIVES Financial Update...

ORIENT ABRASIVES net profit fell 31.2% YoY to Rs 29 million for the quarter ended June 2024, compared to a profit of Rs 42 million a year ago. Net sales rose 34.7% to Rs 981 million during the period as against Rs 728 million in April-June 2023.

For the year ended March 2023, ORIENT ABRASIVES reported 107.2% increase in net profit to Rs 142 million compared to net profit of Rs 69 million during FY22. Revenue of the company grew 13.0% to Rs 3,022 million during FY23.

The current Price to earnings ratio of ORIENT ABRASIVES, based on rolling 12 month earnings, stands at 36.0.

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