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Orient Refractories Gains 5%; BSE METAL Index Up 2.9%
Tue, 24 Sep 14:38

Orient Refractories Gains 5%; BSE METAL Index Up 2.9%Image source: ipopba/www.istockphoto.com

Orient Refractories share price has zoomed 5% and is presently trading at Rs 625.9.

Meanwhile, the BSE METAL index is at 33,126.5 (up 2.9%).

Among the top gainers in the BSE METAL index today are Tata Steel (up 4.9%) and NMDC (up 4.4%).

Over the last one year, Orient Refractories has moved down from Rs 763.1 to Rs 625.9, registering a loss of Rs 137.2 (down 18.0%).

On the other hand, the BSE METAL index has moved up from 22,980.9 to 33,126.5, registering a gain of 44.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 103.5%), Coal India (up 77.4%) and Hindustan Zinc (up 60.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,075.7 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Steel (up 4.9%) and Power Grid Corp. (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,973.6 (up 0.1%). Tata Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 85,075.7, registering a gain of 18,274.9 points (up 27.4%).

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 -174.6.


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