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POCL ENTERPRISES Gains 11%; BSE METAL Index Down 0.5%
Tue, 2 Jul 13:13

POCL ENTERPRISES Gains 11%; BSE METAL Index Down 0.5%Image source: Eoneren/www.istockphoto.com

POCL ENTERPRISES share price has zoomed 11% and is presently trading at Rs 480.0.

Meanwhile, the BSE METAL index is at 33,114.6 (down 0.5%).

Among the top gainers in the BSE METAL index today are Hindalco (up 0.6%) and Coal India (up 0.1%).

NMDC (down 3.4%) and SAIL (down 2.2%) are among the top losers today.

Over the last one year, POCL ENTERPRISES has moved up from Rs 174.8 to Rs 480.0, registering a gain of Rs 305.3 (up 174.7%).

On the other hand, the BSE METAL index has moved up from 20,503.1 to 33,114.6, 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 132.7%), Hindustan Zinc (up 111.9%) and Coal India (up 109.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,322.0 (down 0.2%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.9%) and Indusind Bank (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,089.9 (down 0.2%). Kotak Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,322.0, registering a gain of 15,406.5 points (up 24.1%).

POCL ENTERPRISES Financial Update...

POCL ENTERPRISES net profit grew 298.9% YoY to Rs 71 million for the quarter ended March 2024, compared to a profit of Rs 18 million a year ago. Net sales rose 26.7% to Rs 3,077 million during the period as against Rs 2,429 million in January-March 2023.

For the year ended March 2023, POCL ENTERPRISES reported 282.4% increase in net profit to Rs 129 million compared to net profit of Rs 34 million during FY22. Revenue of the company grew 75.6% to Rs 8,744 million during FY23.

The current Price to earnings ratio of POCL ENTERPRISES, based on rolling 12 month earnings, stands at 14.7.


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