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Orient Refractories Gains 5%; BSE METAL Index Down 0.9%
Tue, 15 Oct 12:12

Orient Refractories Gains 5%; BSE METAL Index Down 0.9%Image source: Nikada/www.istockphoto.com

Orient Refractories share price has zoomed 5% and is presently trading at Rs 628.1.

Meanwhile, the BSE METAL index is at 33,309.9 (down 0.9%).

NMDC (down 2.1%) and SAIL (down 1.7%) are among the top losers today.

Over the last one year, Orient Refractories has moved down from Rs 732.9 to Rs 628.1, registering a loss of Rs 104.8 (down 14.3%).

On the other hand, the BSE METAL index has moved up from 23,059.1 to 33,309.9, registering a gain of 44.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 116.9%), Coal India (up 65.2%) and Hindustan Zinc (up 63.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,850.2 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.9%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,071.9 (down 0.2%). Bajaj Auto and Wipro are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 81,850.2, registering a gain of 15,377.2 points (up 23.1%).

Orient Refractories Financial Update...

Orient Refractories net profit grew 55.7% YoY to Rs 729 million for the quarter ended June 2024, compared to a profit of Rs 468 million a year ago. Net sales declined 5.3% to Rs 8,788 million during the period as against Rs 9,280 million in April-June 2023.

For the year ended March 2024, Orient Refractories reported 78.5% increase in net profit to Rs -1,001 million compared to net loss of Rs 4,657 million during FY23. Revenue of the company grew 38.7% to Rs 37,811 million during FY24.

The current Price to earnings ratio of Orient Refractories, based on rolling 12 month earnings, stands at -175.2.


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