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POKARNA Gains 4%; BSE METAL Index Down 1.5%
Mon, 9 Sep 9:35

POKARNA Gains 4%; BSE METAL Index Down 1.5%Image source: Eoneren/www.istockphoto.com

POKARNA share price has zoomed 4% and is presently trading at Rs 1,027.7.

Meanwhile, the BSE METAL index is at 30,848.9 (down 1.5%).

Hindalco (down 2.0%) and SAIL (down 1.9%) are among the top losers today.

Over the last one year, POKARNA has moved up from Rs 540.7 to Rs 1,027.7, registering a gain of Rs 487.0 (up 90.1%).

On the other hand, the BSE METAL index has moved up from 23,351.0 to 30,848.9, registering a gain of 32.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 88.9%), Vedanta (up 88.4%) and Hindustan Zinc (up 48.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,914.4 (down 0.3%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 2.1%) and Tata Steel (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,755.7 (down 0.4%). ONGC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 80,914.4, registering a gain of 15,134.1 points (up 23.0%).

POKARNA Financial Update...

POKARNA net profit grew 77.6% YoY to Rs 330 million for the quarter ended June 2024, compared to a profit of Rs 186 million a year ago. Net sales rose 19.0% to Rs 1,926 million during the period as against Rs 1,618 million in April-June 2023.

For the year ended March 2023, POKARNA reported 16.0% decrease in net profit to Rs 658 million compared to net profit of Rs 783 million during FY22. Revenue of the company grew 12.0% to Rs 7,280 million during FY23.

The current Price to earnings ratio of POKARNA, based on rolling 12 month earnings, stands at 30.8.


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